Posted on 19-Mar-2004 13:30
| Filed under: News
: Palm
PalmSource reported revenues of US$21.6 million for the third quarter ended February 27, 2004, as compared to revenues of US$26.3 million for the same quarter of the prior fiscal year. Revenues for the nine months ended 27 February 2004 were US$55.5 million, compared to revenues of US$56.1 million for the same period of the prior fiscal year.
Net income for the third quarter of fiscal year 2004 was US$0.6 million, or US$0.05 per share on a fully-diluted basis. Net income for the same quarter of the prior fiscal year was $0.7 million, or US$0.07 per share on a fully-diluted basis. Net loss for the nine months ended February 27, 2004 was US$12.3 million, or US$1.20 per share on a fully-diluted basis, as compared to a net loss of US$18.3 million, or US$1.83 per share on a fully-diluted basis, for the same period of the prior fiscal year.
PalmSource also reported management's current outlook for the fourth quarter:
Revenues are expected to be in the range of $17 million, plus or minus 5%.
Financial results on a GAAP basis are expected to be in the range of a net loss of US$4 million to US$7 million; and on a non-GAAP basis, areexpected to be in the range of a net loss of US$1 million to US$3 million. The difference between the financial results on a GAAP basis and a non-GAAP basis is expected to be primarily the result of charges for stock based compensation and restructuring costs that may be incurred.
Cash flow used by operating activities is expected to be in the range of US$4 million to US$6 million.