Coyote Reports Net Loss, Decline in Revenue

Coyote Network Systems of Westlake Village reported a net loss of $5.1 million for the third quarter that ended Dec. 31, compared with a loss of $4.2 million for the same period last year. Revenue dropped to $6.8 million from $12.9 million.

The company also announced the sale of a 9% interest in Systeam S.p.A., a communications company in Rome, for $1.2 million.

Coyote provides telecom switching equipment, network carrier services and applications, including voice-over Internet protocol applications.