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.
