REDWOOD CITY, Calif.-Phone.com Inc. released its first quarterly report since becoming a public company. For the first fiscal quarter ended Sept. 30, the company posted a net loss of $4.9 million, or 16 cents per share, on revenues of $8.5 million.
The company pointed to its recently announced acquisition of APiON Ltd. and other investments as contributors to the net loss figure. At the quarter’s end, Phone.com has $117.8 million in investments, with total assets of $136.8 million and stockholders equity of $87.6 million.
Phone.com Inc. said it will initiate a two-for-one stock split for all stockholders on record as of Oct. 29 on or about Nov. 12.
