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April 10, 1997updated 05 Sep 2016 1:00pm


By CBR Staff Writer

STM Wireless Inc, an Irvine California manufacturer of hubs, modems and other networking equipment, reported a fourth-quarter loss of $5.7m on revenue which increased 10% to $9.6m, compared to a loss of $549,000 for the same period last year. Results for the quarter include charges of $5.2m mostly related to inventory write-downs. For the full year, STM reported a loss of $4.8m on revenue up 9.7% at $34.8m, versus net income of $1.7m, or $0.28 per share, for 1995.

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