ALAMEDA, Calif.-Geoworks Corp. released third quarter results with a net loss of $6.1 million, or 29 cents per share, compared with a net loss of $994,000, or 6 cents per share, reported for the last third quarter.
Revenues were up 18 percent to $3.4 million, from $2.9 million the prior third quarter
Dave Grannan, Geoworks’ chief executive officer, said he expects an additional 25 percent to 30 percent sequential growth for the fourth quarter. However, Tim Toppin, chief financial officer, added that operating expenses will increase 15 percent to 25 percent over the next two quarters.
