Loss Widens at Vyyo

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Cable hardware vendor Vyyo reported $600,000 in net sales for the first quarter, down from $1.8 million in sales for the fourth quarter of 2006 and $2.4 million in the first quarter of last year.

The company posted a loss for the first quarter of $11 million (61 cents per share), compared to a loss of $6.5 million (36 cents) in the fourth quarter of 2006 and a loss of $8 million (50 cents) during the same period last year.

Vyyo said it ended the first quarter with $31.2 million in cash and cash equivalents and short-term investments, up from $18.7 million at the end of the fourth quarter of 2006.

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