Vyyo reported its financial results for the third-quarter that ended Sept. 20 today, which included sales of $2.6 million compared to $1.1 million in the same quarter a year ago.
The Norcross, Ga.-based company posted a loss of $8.7 million, or 47 cents a share, in this year’s third quarter, compared to a loss of $7.7 million, or 43 cents a share, in last year’s third quarter.
During the third quarter, cable revenues were $1 million, up from $326,000 in the second quarter of this year. In April, Vyyo announced that Cox Communications was deploying its spectrum overlay product in several areas to provision business services.
Vyyo ended the third quarter of this year with $19.2 million of cash and cash equivalents and short-term investments, which was down from $26.2 million at the end of this year’s second quarter.
