Short Take: Mustang reports net loss
Mustang Software announced revenue was $755,000 for its third quarter ending September 30, compared with $2.6 million in the corresponding quarter last year. The company reported a net loss of $1.1 million, 33 cents a share, compared with $419,000 loss, or 12 cents per share, last year. The company said the loss is due to slower sales of its Qmodem 95 and Wildcat 5 products.
announced revenue
was $755,000 for its third quarter ending September 30, compared with $2.6
million in the corresponding quarter last year. The company reported a net
loss of $1.1 million, 33 cents a share, compared with $419,000 loss, or 12
cents per share, last year. The company said the loss is due to slower
sales of its Qmodem 95 and Wildcat 5 products.