MIAMI-Terremark Worldwide Inc., still betting the telecommunications industry will recover over the next few years, lost $33.9 million in the first nine months of 2001, compared to a loss of $32.2 million in the same 2000 period.
For the third quarter alone, ending Dec. 31, 2001, the locally based firm had a net loss of $12.6 million or six cents per weighted average common share. But that was an improvement from the same period in 2000 when Terremark lost $15 million or seven cents per share.
Consolidated revenue for the quarter was $1.7 million, down sharply from $14.5 million in the same 2000 period. Consolidated operating revenue for the first nine months of 2001 was $11.2 million versus $24.2 million in the 2000 period.
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