ACT Networks Reports Net Loss of $2.54 Million

ACT Networks Inc., Calabasas, reported a net loss for its first quarter ended Sept. 30 of $2.54 million compared with a loss of $966,000 for the same period last year. Revenue dropped slightly to $12.4 million compared with $13.9 million.

ACT Networks develops, manufactures and markets products for digital communications industries including advanced voice and data compression algorithms, switching and traffic management and telephony integration technologies.