Tribune staff report | Deerfield-based restaurant company Cosi
Inc. said it lost $4.45 million in the fourth quarter ended Dec. 28,
2009, nearly halving its net loss from the same period a year ago.

Revenue
for the period dropped 8.1 percent to $28.24 million from $30,735,000
in the 2008 fourth quarter as company-owned net restaurant sales
declined and income from franchise fees and royalties declined because
the company lowered them between 2008 and 2009.

Shares in Cosi cloased at 93 cents before the company’s earnings were released.

Cosi, which currently has 99 company-owned and 44 franchise restaurants in 18 states, the District of Columbia and the United
Arab Emirates, warned earlier this month its stock may be delisted from the Nasdaq for falling under $1 per share.