Loss shrinks for thin-client firm Neoware
The manufacturer reports a net loss of 2 cents a share for the quarter ended June 30, down from 11 cents a share for the same quarter last year.
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Neoware, a manufacturer of stripped-down computers known as thin clients, reported a net loss of $199,000, or 2 cents a share, on revenue of $3.2 million for the quarter ended June 30.
The figures compare to $2.8 million revenue and a loss of $723,000, or 11 cents a share, for the same quarter the year before, the company said.
A total of 31 percent of Neoware's revenue for the quarter came from new customers, of which there were 170, the company said.
Neoware thin clients use a modified version of Red Hat's Linux operating system called NeoLinu, designed to easily plug into Windows networks. Motorola invested in the company in 1998.
Analyst financial estimates weren't available for the King of Prussia, Pa.-based company.