12:41 PM EST - Fiber Optic Systems Technology, Inc. : reported a wider loss in the second quarter as revenues declined sharply from prior-year period. However, on a per share basis, the company's loss narrowed from last year. The Toronto, Canada-based company, also known as FOX-TEK, reported a second quarter net loss of $1.36 million, compared to a net loss of $1.27 million last year. Net loss per share was $0.03, narrower than $0.04 per share in the year-earlier period. Quarterly revenues declined to $155 thousand from $445 thousand in the year-ago quarter. Fiber Optic Systems Technology, Inc.
shares V.FOX are trading unchanged at $0.12.
