Wireless phone software and services company Geoworks Corp reported a third-quarter loss of $3.5m on revenue down 51.4% at $2.0m, up from a loss of $2.6m in the year-ago period. The loss amounted to $0.22 per share, when analysts were expecting the company to break even for the quarter. The company admits disappointment with its revenue, although it notes that the loss is down from the preceding quarter and says it continues to work on cost reduction. It is counting on the newly-launched professional services division – which has already landed Nokia Oy as a customer – to generate income in the short term income. It has also announced its first customer win in the market for enhanced phones, an area it moved into after being essentially pushed out of the smart phone operating systems market by Symbian Ltd. Geoworks says it has provided Mitsubishi Electric Corp the engineering and software to produce a new enhanced phone, the Moem-D, which debuted in Japan last month. It also says that its Geos operating system is serving as the foundation for NTT DoCoMo’s new Dialo smart phone, which is being manufactured by Toshiba. For the nine-month period, net loss was $13.3m on revenue down 49% at $9.3m, up from a loss of $11.1m last year.
