LOS GATOS, Calif., Aug. 28, 2015 /PRNewswire/ -- CoSine Communications, Inc. ("CoSine") (Other OTC: COSN), today announced net income of $1,475,000, or $0.05 per basic and diluted common share, for the quarter ended June 30, 2015, as compared to a net loss of $143,000, or $(0.01) per basic and diluted common share, for the quarter ended June 30, 2014. The results for the quarter ended June 30, 2015 include net sales of $26,796,000 and an operating loss of $734,000 from the previously announced acquisition of API Group Plc ("API"), for the period of April 17, 2015 (date of effective control) to June 30, 2015, as well as $2,524,000 in foreign currency remeasurement gains and $1,164,000 in gains on sale of CoSine's remaining holdings in the common stock of Nathan's Famous, Inc.read more
