Concurrent Computer posts $301K profit
Posted by very nice on 12:31 AM with No comments
Concurrent Computer Corp. was in the black in the third quarter of fiscal 2008, and it reported plans for a reverse stock split.
The Duluth, Ga.-based provider of real-time Linux software and technology for commercial and government markets (NASDAQ: CCUR) had net income of $301,000 on $19.4 million in revenue. This compares with a net loss of $3.1 million on $16.1 million in revenue in the third quarter of 2007.
Concurrent has break-even earnings in the third quarter, compared with a loss per share of 4 cents in the same period last year.
The Company also said its that its board of directors has stamped its approval on asking Concurrent's stockholders for a reverse split of common stock at a ratio of one-for-10, meaning every 10 shares of common stock of Concurrent will be combined into one share of common stock. Concurrent plans to schedule a stockholders' meeting in the next two months.
The Duluth, Ga.-based provider of real-time Linux software and technology for commercial and government markets (NASDAQ: CCUR) had net income of $301,000 on $19.4 million in revenue. This compares with a net loss of $3.1 million on $16.1 million in revenue in the third quarter of 2007.
Concurrent has break-even earnings in the third quarter, compared with a loss per share of 4 cents in the same period last year.
The Company also said its that its board of directors has stamped its approval on asking Concurrent's stockholders for a reverse split of common stock at a ratio of one-for-10, meaning every 10 shares of common stock of Concurrent will be combined into one share of common stock. Concurrent plans to schedule a stockholders' meeting in the next two months.
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