SGI Q4 Loss Widens

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(RTTNews) – Thursday, SGI (SGIC | charts | news | PowerRating) reported fourth quarter net loss of $36.93 million or $3.32 per share, compared to a loss of $20.38 million or $0.08 per share in the corresponding quarter last year.

Operating loss for the quarter widened to $24.78 million from $8.25 million in the same quarter previous year.

On a proforma basis, net loss for the quarter was $11.0 million.

Quarterly revenue rose to $122.3 million from $115.7 million in the same quarter previous year.
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