Earnings: Absolute Software reports year end fiscal 2007 of $20.1 million
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Vancouver based, Absolute Software (TSX: ABT), manufacturer of data protection and asset tracking software has reported their quarter end and year end fiscal results for June 30, 2007.
Financial Highlights:
- Q4 Revenue $6.3M
- Net Loss $2.4M
- Company increases cash from operations by 302% to $16.9 million and raises subscriber base target to four million subscribers by June 30, 2009
- Increased sales contracts by 94% to $16.2 million for Q4-F2007 and by 110% to $47.3 million for the fiscal year
- Increased cash from operations by 254% to $4.5 million for Q4-F2007 and by 302% to $16.9 million for the fiscal year
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