WASHINGTON (dpa-AFX) - Network services provider Towerstream Corp. (TWER) reported a fourth-quarter net loss of $2.1 million, wider than the loss of $1.3 million last year. Loss per share remained flat at $0.04 on a higher share count.
Revenues for the quarter increased 32 percent to $7.2 million from $5.4 million last year.
Gross margin for the quarter declined to 64 percent from 75 percent last year.
Looking ahead, Towerstream expects 2012 first quarter revenues to range between $7.6 million and $7.7 million.
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