Cygnal sees improvement with some job cuts

MARKHAM – Cable and telecom equipment and services provider Cygnal Technologies reported lower revenues in the third quarter, ended September 30th, but lower losses. Revenues were $33.5 million, down from $39.8 million in Q3 2004 but gross margin was 24.5%, up from 21.8% the previous year. EBITDA was a loss of $700,000, compared to an EBITDA loss of $1.8 million in Q3 2004. Net loss came in at $1.1 million, or $0.04 per share, compared to a loss of $1.9 million or $0.07 per share the prior year. Selling, general and administrative expenses were $8.9 million, compared to $8.7 million...