SAN JOSE, Calif.-Wireless enterprise company Semotus Solutions announced a reduction in its net loss to $1.2 million for the quarter, and a decline in revenues from $1.3 million in the same quarter last year to $860,516 this year.
“The financial results of this quarter demonstrate our commitment to achieving profitability at Semotus,” said Anthony LaPine, the company’s chairman and chief executive officer. “While the economic environment for technology continues to be depressed, we have been able to stabilize our operations and create opportunities for our products and services.”
