AFC Reports Q1 Revenue of $92.8 Million

AFC reported quarterly revenue (GAAP) of $92.8 million. Revenues generated by North American Access (NAA), a business unit of Marconi Communications, were included in the results from the 20-Feb-2004 acquisition date through quarter end. Revenues in Q4 2003 were $84.8 million. Revenues for the first quarter of 2003 were $80.5 million. Net loss for Q1 2004 was $2.7 million, or $0.03 loss per share. The first quarter of 2004 included costs associated with the acquisition of NAA. Net income in the fourth quarter of 2003 was $5.7 million, or $0.06 per share. http://www.afc.com