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May 28, 1997updated 05 Sep 2016 12:33pm


By CBR Staff Writer

The Panda Project Inc reported a fourth-quarter net loss of $3.7m on revenue down 32% at $290,000, down from a loss of $7.7m a year ago. For the year, net loss was $20.9m on revenue up 174% at $2.4m, down from a loss of $23.9m in 1996. Results include charges of $785,000 for the quarter and $2.4m for the year associated with restructuring and layoffs (CI No 2,965).

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