Aladdin Systems has announced a fourth-quarter revenue surge of 37 per cent from Q3 for the year 2001.
The provider of access management and compression software for the Mac reported a Q4 2001 profit in its fourth quarter and year-end 2001 results.
Net revenues of $2.2 million were reported for the quarter ending December 31, 2001 – an increase of 37 per cent from the $1.6 million reported in Q3 of 2001.
For the full year, net revenues for 2001 were $7.6 million, compared to $10.2 million in 2000. The net loss for 2001 was $1.1 million, $0.12 per basic and diluted share, compared to a net loss of $0.4 million, $0.04 per basic and diluted share in 2000.
Positive progress Jonathan Kahn, president and CEO, said: “We had a profitable fourth quarter in 2001. We forecasted a breakeven fourth quarter, so we exceeded our expectations.”
Kahn continued: “Overall, although we saw a decline in revenue from 2000 to 2001, we feel positive about the progress that we made during the latter part of 2001, in light of the industry recession and the tragedy of September 11th.
“We continue to commit resources in the access and compression market and to improve our business going forward,” Kahn concluded.