Marlboro, Mass.-based digital video hardware and software maker Media 100 Inc. today reported its third quarter financial results. The company noted a downward trend in year-over-year revenue and posted a net loss, but there was some promising news too.
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Net sales for the quarter were US$5.4 million, compared to $7.8 million for the same quarter in 2001. All together, Media 100 posted a $2.3 million loss for the quarter — a marked improvement from the $4.1 million loss it posted for the same quarter last year.
Media 100 president and CEO John Molinari noted that third-quarter sell through of the company’s 844/X to end user customers worldwide significantly increased. He said that Media 100’s short-term goal is to continue expanding the growth rate of 844/X end-user sales.
The company cited its release of Media 100 i Version 8 as one of the highlights of its third quarter operations. The new version runs natively in Mac OS X and sports an Aqua-compliant user interface and new features for visual effects, along with new sound tools.
Media 100 expects net sales for Q4 to be about $5 million, posting a loss in the rage of $0.11 to $0.13 per share.