Internet service provider Netdirect Corp. International, Minneapolis, reported a net loss of nearly $5 million for the quarter ended Oct. 31, an increase over a net loss of $734,000 in the same quarter last year.
Third-quarter net sales were $20.1 million, a nearly 12-fold increase over $1.6 million for the same period last year. The company attributed this increase to growing e-commerce sales and sales attributable to the acquisition of Graphics Technologies Inc. (GTI) nearly a year ago.
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