Despite rising revenues, Bitstream still sees loss By Dennis Sellers
saw revenue for the three months that ended June 30 rise to US$2,213,000 compared to $1,871,000 for the same period a year ago.
While revenues jumped 18.3 percent and operating expenses dipped 19.7 percent to $1,942,000, the company’s loss from operations for the period was $316,000.
Bitstream’s cash and cash equivalent balance is $5,412,000. That’s a decrease of $268,000 from the March 31, 2002 balance of $5,680,000.