10:55 AM EST - TIR Systems Ltd. : reported that fourth quarter net loss was $4.5 million or $0.20 per share compared to a net loss of $4.51 million or $0.20 per share in the same quarter last year. Quarterly revenues increased to $5.22 million from $4.6 million in the previous year. For the fiscal 2006, the company reported a net loss that widened to $20.2 million or $0.88 per share from $13.04 million or $0.58 per share in the prior year. Revenues for the period, decreased to $15.5 million from $17.1 million in the previous year. TIR Systems Ltd.
shares T.TIR are trading down 3 cents at $1.23.
