CoSine Communications, Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $139,000 or $0.01 loss per share compared to net income of $2,000 or $0.00 per share for the quarter ended September 30, 2008. The company reported loss from operations of $170,000 and loss before income tax provision of $139,000 compared to loss from operations of $169,000 and income before income tax provision of $2,000 for the same period a year ago. For the nine months ended September 30, 2009, the company reported net loss of $445,000 or $0.04 loss per share compared to net income of $76,000 or $0.01 per share for the nine months ended September 30, 2008. The company reported loss from operations of $583,000 and loss before income tax provision of $444,000 compared to loss from operations of $492,000 and income before income tax provision of $76,000 for the same period a year ago.

CoSine Communications reported un-audited financial results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $151,000 or $0.01 diluted per share against net income of $22,000 or $0.00 diluted per share a year ago. Loss before income tax provision was $151,000 against income before income tax provision of $22,000 a year ago. Loss from operations was $188,000 against $145,000 a year ago. For the six months, the company reported net loss of $306,000 or $0.03 diluted per share against net income of $74,000 or $0.01 diluted per share a year ago. Loss before income tax provision was $305,000 against income before income tax provision of $74,000 a year ago. Loss from operations was $413,000 against $322,000 a year ago.

CoSine Communications, Inc. said that its current strategic plan is to enhance stockholder value by pursuing opportunities to redeploy its assets through an acquisition of one or more operating businesses with existing or prospective taxable earnings that can be offset by use of its net operating loss carry-forwards (NOLs). The firm announced net loss of $151,000 or $0.01 loss per share for the quarter ended June 30, 2009 as compared to net income of $22,000 or $0.00 per share for the quarter ended June 30, 2008.