Services firm DynTek saw its fiscal first-quarter loss widen, on what it said were higher interest expenses during the period.
Revenue for the quarter ended September 30, 2007, increased 38% to $30.1m from $21.8m for the same period last year. The company’s net loss came in at $3.2m, down from a loss of $2.6m last year. One-time costs such as accounting reorganization also chipped away at the bottom line.
DynTek said these costs should subside over the rest of the fiscal year, and it expects full-year growth of more than 20%.