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Cygnal Technologies Corp.

11:02 AM EST - Cygnal Technologies Corp. : announced fourth quarter net loss of $10.3 million or $0.33 per share, compared to a net loss of $22.2 million or $0.82 per share in the same quarter last year. Quarterly revenues declined to $30.0 million, from $31.4 million in the year ago quarter. For the fiscal year, the company reported a net loss of $17.64 million or $0.61 per share, compared to a net loss of $27.6 million or $1.02 per share in the last year. Revenues for the period were $121.65 million, down from $125.8 million in the previous year. Cygnal Technologies Corp. shares T.CYN are trading unchanged at $0.72.