Accelerated Networks Sees Loss Despite Rise in Sales

Accelerated Networks Inc. in Moorpark said revenue for the third quarter that ended Sept. 30 was up $11.6 million, a 300% increase over the $2.9 million reported in the third quarter of 1999 and a 32% jump over the second quarter of this year.

Despite the increase in sales, the company reported a net loss of $9 million, or 19 cents per share, which includes noncash charges related to deferred stock compensation.

A year ago, the company reported a third-quarter loss of $5 million, or 13 cents per share. The loss for the second quarter of this year, which excluded the noncash charges, was $8.3 million, or 19 cents per share.

Accelerated Networks sells equipment to telecommunications service providers.