HAYWARD, Calif.-Wireless enterprise company AvantGo Inc. reported revenues of $4.5 million and a net loss of $5.5 million, news the sent the company’s stock down almost 10 percent to about 47 cents per share.
“While the third quarter was a period of transition for AvantGo, we made progress on several fronts,” said David Cooper, the company’s chief financial officer. “We restructured our business and senior management team to increase our focus on applications and solutions targeted to field force professionals. Through this restructuring, we have substantially reduced operating costs and better positioned ourselves for future profitability.”
David Pratt recently joined AvantGo as its interim president and chief executive officer.
