12:04 PM EST - Sirit Inc. : announced fourth quarter results, reporting a narrower loss, on lower losses and expenses. Revenues decreased from year ago quarter. The Toronto, Canada-based provider of radio frequency identification technology's net loss and comprehensive loss narrowed to $835 thousand or $0.00 per share from $2.07 million or $0.01 per share in the prior-year quarter. Quarterly revenues were $5.43 million or $5.6 million, down from $5.71 million or $5.0 million in the year-ago quarter. Operating loss was reported at $1.19 million, compared to operating loss of $2.21 million in the same quarter a year ago. Sirit Inc.
shares T.SI are trading off 5 cents at $0.23.
