Aladdin Systems Holdings has announced their financial results for second quarter, which ended June 30.
The company reported that revenue increased 1 percent to US$1,672,869 and reported a net income of $138,130 or $0.01 per share, as compared with revenues of $1,653,248 and net loss of $411,585, or $0.04 per share in the same period last year.
For the six-month period, Aladdin Systems reported revenue decreased 20 percent to $3,104,634 and reported a net loss of ($55,542), or ($0.01) per share (basic and diluted), as compared with revenues of $3,902,479 and net loss of $(881,771), or ($0.09) per share (basic and diluted), in the same period last year.
“In this tough economy we continue our strategy of introducing quality new products and software updates to stay competitive and grow in our markets,” said Aladdin Systems CEO Jonathan Kahn, in a statement regarding the financial results. “We are striving to meet our goal of profitability for Aladdin’s year-end in December.”
During the quarter Aladdin released many updates to its product lines, as well as new software including: Spring Cleaning English and Japanese versions for the Mac and iClean for Mac. The company also announced several partnerships this year, including a co-marketing relationship with Opera (an Internet browser company), Symantec, Dell, Prosoft, and the intent to acquire Erevu Inc.