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DSL.net Responds to Investor Inquiries
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Business New Haven
4/2/2001
By: BNH
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NEW HAVEN - DSL.net Inc. (NASDAQ: DSLN), a direct provider of high-speed Internet access solutions for small and mid-sized businesses, responded to investor inquiries about the company's fiscal 2000 financial results reported on February 28.
Said David F. Struwas, chairman and chief executive officer of DSL.net: “We met the financial expectations we set in December. We increased our revenues for the fourth quarter of 2000 to $7.1 million, representing a 778 percent increase over the fourth quarter of 1999, while our net loss for the fourth quarter of fiscal 2000 was $29.9 million, a 203-percent increase over $9.9 million reported in the fourth quarter of 1999. Net loss per share was 47 cents, compared to 21 cents for the same period last year. Our year-over-year EBITDA and net losses widened according to our plan to grow revenues.”
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