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VANCOUVER — Software security developer Absolute Software says it has tightened its fourth-quarter losses and signed sales contracts worth $21.5-million.
The company reported Tuesday a loss of $2.3-million in the three months ended June 30, off from $2.4-million or 0.5 cent per share in both quarters.
Revenue climbed to $11.2-million from $6.3-million.
Sales contracts were up 32 per cent to $21.5-million compared to $16.2-million a year earlier.
Cash from operations rose to $5.4-million, up 20 per cent from $4.5-million in second quarter of 2007, while cash per share from operations was at 11 cents from nine cents.
Absolute specializes in computer theft recovery and data protection and tracking.
“The global proliferation of laptops, smartphones and other mobile devices has propelled the need for data protection and theft recovery services for all types of users,” chief executive John Livingston said in a release.
“Against the backdrop of an expanding market opportunity, we believe that our leadership position in multiple vertical markets will continue to drive growth and record performance.”
He noted that the company expects to see increased interest in its data protection and theft deterrence products which at this point represent “only a small percentage of sales... but are quick to deploy and manage.”
