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Quarterly Financials

By Staff Writer | October 22, 2004

Stratos Global Corp. reported net earnings for the third quarter ended Sept. 30 of $9.2 million, up from the net earnings of $7.1 million earned in the third quarter of 2003. The increase was reported despite a 4-percent dip in the company’s revenues to $91.2 million from $95.1 million reported during the same period one year ago. The company cited a reduction in government and military spending as a reason for the drop, but noted it was seeing strong demand for new products and services, including its StratosITek IP VSAT product for the oil and gas sector.

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