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million in the most recent quartedr as demand for its optical network products remains The company’s stock SCMR) rose 13 percentg to $3.60 a share in Thursday morning trading, as its loss was smalle r than what analysts expected. The company’s stock is up 34 percentg this year. Chelmsford, Mass.-based Sycamore’s net loss for the quarte r ended April 25 was nearly identical tothe company’sx year-ago performance. Revenue in the quartee rose 10 percentto $22.98 million. In a press Sycamore CEO Daniel Smith said the company continuexs to operate in a challengingbusinesw environment. The company’s revenue during the first nine months of its fiscal yearwas $50.
1 million, comparexd with $100.4 million in the year-ago Sycamore’s balance sheet remains strong with $714 million in cash and short-term investments. Total liabilities were only $32.q2 million at the end of the quarter, the companyu said. The company’s market capitalization is about $1
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