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In a release dated April 9, the company stated: - The company's results included $1.4 million in revenues, compared to $0.8 for the same quarter of the prior year. Results from its investment in affiliated companies which primarily represents Phoenix Digital Solutions (PDS), Patriot Scientific's joint venture with The TPL Group, who are co-owners of the MMP Portfolio and responsible for its management and commercialization, were a $0.9 million loss as compared to $11.7 million in earnings for the year earlier quarter. - For the nine month period ended February 28, revenues increased to $4.6 million, as compared to $2.3 million for the comparable prior year period. The company's share of earnings from affiliated companies for the nine month period of fiscal 2009 was $5.7 million, compared to $16.0 million in fiscal 2008. - Net (loss) income totaled $(1.5) million and $0.8 million for the quarter and nine month period, respectively, of fiscal 2009 compared to $6.3 million and $6.7 million, respectively, for the comparable periods of fiscal 2008. Rick Goerner, Patriot's President and CEO, said, "The objective of this quarter's Webcast is to discuss the company's progress and recent M&A activities in the data sharing software market. We will also highlight customer opportunities we are targeting in both the healthcare and public safety and justice sectors. "Relative to the MMP Portfolio, both Patriot and The TPL Group are in agreement that it would be premature and speculative to discuss the many opportunities and activities which are underway with respect to the MMP Portfolio. As a consequence, we have not made any recent public announcements regarding these activities and cannot discuss them in next Tuesday's Webcast." The company's Webcast is scheduled for Tuesday, April 14, at 4:30 PM ET. Patriot Scientific provides data sharing and secure data solutions for a connected world. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) For full details for PTSCE click here.
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