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.
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.
