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Industry: Email Alert RSS FeedEarnings Report: Neoware Systems Inc
Computergram International, April 23, 1999
Neoware Systems Inc, a King of Prussia, Pennsylvania-based provider of thin client computers and software, has reported a third quarter net loss of $364,686 down from losses of $1.3m on revenue down 34.1% at $2.4m. Chief executive and president Edward Callahan said that the company was concentrating on growing revenue, whilst making efforts to cut operating costs.
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Callahan said that despite poor sales, there were encouraging signs of an upturn. Sales and marketing expenses fell to only $313,819 from $1.3m last year. Neoware outsourced part of its manufacturing to SCI Technology Inc, the Huntsville, Alabama-based contract manufacturer. With the share price hovering just above the $1 mark, analysts have stopped making earnings predictions.
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