FalconStor Software Reports Q3 EPS of $.58
November 16, 2010 8:58 AM
FalconStor Software, Inc. (NASDAQ: FALC) announced that it filed its Quarterly Report on Form 10-Q for the third quarter of 2010.
Total revenues for the third quarter of 2010 were $19.0 million, a decrease of 6% over the previous quarter and down 12% compared with the same period a year ago. GAAP loss from operations for the third quarter of 2010 was $4.8 million, down from $5.1 million in the previous quarter and up from $2.5 million for the same period a year ago.
GAAP net loss was $26.4 million, or $0.58 per share for the three months ended September 30, 2010, and $35.3 million, or $0.78 per share for the nine-month period ended September 30, 2010. The net loss includes tax provisions of $21.8 million and $17.0 million for the three and nine months ended September 30, 2010, respectively.
GAAP net loss for the three and nine months ended September 30, 2009 was $2.0 million, or $0.05 per share, and $1.6 million, or $0.04 per share, respectively.
See 4 Strong Buys here for free.
