REDWOOD CITY, Calif.-Openwave Systems Inc. had a fiscal fourth-quarter net loss of $25.7 million, or 14 cents per share, compared with the previous quarter when it had a net loss of $23.2 million, or 13 cents per share.
The company’s revenue stood at $66.5 million at the end of the quarter with gross margins of 73 percent, giving the company total cash of $234.1 million.
“Our position in the industry is improving as mobile data is becoming a strategic initiative for operators worldwide,” said Don Listwin, president and chief executive officer of the company.
Subscribe now to get the daily newsletter from RCR Wireless News
Openwave said it will also hold a special shareholders’ meeting to seek approval for a reverse stock split.
Aside from its earnings, Openwave also lauded its progress in its mobile-phone software sales. The company said its WAP browser has shipped in 400 million phones, its WAP version 2 browser is in 25 million phones, and a total of seven handset manufacturers have licensed its new phone tools Version 7 software. Openwave introduced V7 earlier this year.
