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For the fourth quarter of 2008, revenues were $5.1 million, compared to $5.2 million in the same quarter 2007.
For the fiscal 2008, revenues were $19 million, compared to $17.9 million for fiscal 2007. Net loss was $3.9 million, or $0.25 per share, compared to a net loss of $936,000 or, $0.06 per share, for fiscal 2007.
Phil McDermott, CFO of AltiGen, said: "We achieved positive cash flow in the fourth quarter, reflecting the cash contribution from our support programs, and continue strong management of cash as we focus on reaching profitability. We ended the fourth quarter with cash and short-term investments of $9.9 million, a $400,000 increase over the third quarter, and have no long-term debt."
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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