* Broadwing of Columbia narrowed its loss to $36.8 million (69 cents a share) on $163.4 million in revenue in the third quarter, from a loss of $112.3 million ($2.55) on $143.2 million in revenue during the comparable 2003 quarter. The company, formerly Corvis, renamed itself in the third quarter and completed its acquisition of Focal Communications, adding 4,000 customers to its base. The company had $321.7 million in cash, cash equivalents and investments as of Sept. 30. Shares rose 16 cents yesterday to close at $6.
* Blackboard, the District-based online learning company, earned $3.5 million (12 cents a share) in the third quarter, up from $591,000 in the comparable quarter last year, which translated into a loss of 35 cents per share (after accounting for dividends on and accretion of convertible preferred stock.) Revenue rose 16 percent to $29.8 million. Blackboard shares closed 35 cents higher yesterday at $17.45.
* Versar, a Springfield professional services firm, earned $407,000 (5 cents a share) on $19.1 million in revenue in its first fiscal 2005 quarter, up from $343,000 (5 cents) on $13.6 million in revenue. Shares fell 15 cents to $4.45.
* XO Communications reported a loss of $41.8 million (24 cents a share after payment of preferred stock dividends) for the quarter ending Sept. 30, compared with a loss of $40.8 million (42 cents) in the comparable quarter last year. The Reston-based business telecommunications company said third-quarter revenue rose to $391.9 million from $279.4 million. XO shares closed 27 cents higher at $3.62.
* YDI Wireless reported a loss of $2.4 million (9 cents a share) in the third quarter, compared with earnings of $1.1 million (7 cents) in the third quarter of 2003. Revenue fell to $6.4 million from $8 million. Shares closed 4 cents higher at $2.39.
* Xybernaut, a Fairfax company that makes wearable computers, lost $4.5 million (3 cents a share) on $3.2 million in revenue during the third quarter, compared with a loss of $4.7 million (3 cents) on $2.7 million in revenue in the third quarter last year. Shares fell 10 cents to $1.14.
* CACI, an Arlington defense contractor, won a three-year, $15.7 million contract from the Space and Naval Warfare Systems Center to support the U.S. Navy's Command and Control Processor/Common Data Link Management Systems. The award includes a two-year option that, if exercised, would increase the potential value of the contract to $27 million. CACI's role includes independently testing and verifying proposed tactical systems, systems design and engineering products, and software development and development tools.
* Stanley Associates, an Alexandria information technology contractor, won two contracts with a total ceiling of $30 million from the Office of the Comptroller of the Currency. Under one contract, Stanley will provide on-site information technology services. Under the second contract, Stanley will deploy an integrated workflow and document management system for the Licensing Information System, an application used by the OCC to monitor the processing of applications filed by national banks.
* EntreMed reported a third-quarter loss of $3.1 million (9 cents a share), down 33 percent from a loss of $4.6 million (15 cents) in 2003's third quarter, despite a 44 percent drop in revenue. The Rockville development-stage biotech company had $142,738 in revenue in the quarter ended Sept. 30, down from $258,478 in the same period last year. Shares closed 19 cents lower at $2.04.
Compiled from reports by Washington Post staff writers.