Aladdin Systems Inc., which makes such products as the StuffIt line of compression tools, made a profit in its most recent financial quarter, though its parent company, Aladdin Systems Holdings Inc., didn’t.
The parent company, in announcing financial results for the second quarter of 2003, saw net revenues increase 10 percent to US$1.83 million in the three months ending June 30. This compares to $1.67 million in the same period in 2002. The Aladdin Systems’ subsidiary was profitable for the second quarter, though Aladdin Systems Holdings had a loss of $246,015 or $0.02 per basic and diluted share. Aladdin Systems had a net income of $127,344 for the quarter compared to a loss of $55,542 in the same period in 2002.
“Our new Internet software and Ten for X product suites are opening up new markets and gaining customer attention,” said Jonathan Kahn, CEO of Aladdin Systems Holdings.
During the quarter Aladdin Systems shipped a new version of Spring Cleaning and iClean 6.0, as well as two new products for the Mac: Internet Cleanup and Ten for X Utilities, Volume 2.