The company has posted revenue of $15.4 million for the first quarter of fiscal 2009, compared with $38 million for the same period of fiscal 2008.
Daniel Smith, president and CEO, said: "Against a backdrop of challenging market conditions, our results for the first quarter represent continued financial discipline, expansion of customer relationships and progress on new development initiatives. As we navigate our business through the current market environment, we remain focused on fostering opportunities at existing customers, expanding our customer base and advancing our technology differentiation."
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