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Short Take: SoftNet posts third quarter loss

SoftNet Systems, which owns small cable modem service provider ISP Channel, posted a third quarter loss of $18.7 million, or $1.27 per share, including a charge. The results compared with a net loss of $3.1 million, or 42 cents a share, for the same period last year. Quarterly revenue increased to $1.3 million from $298,000 a year ago. The company said ISP Channel made "substantial gains," and now claims more than 4,000 subscribers.

SoftNet Systems, which owns small cable modem service provider ISP Channel, posted a third quarter loss of $18.7 million, or $1.27 per share, including a charge. The results compared with a net loss of $3.1 million, or 42 cents a share, for the same period last year. Quarterly revenue increased to $1.3 million from $298,000 a year ago. The company said ISP Channel made "substantial gains," and now claims more than 4,000 subscribers.

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