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Technology / AI and automation

3D CAD/CAM MODELER SPATIAL TECHNOLOGY REPORTS Q2 LOSS

Spatial Technology Inc, the Boulder, Colorado developer of three-dimensional modeling software which went to the market with an initial public offering at the end of last year (CI No 3,004), has reported a second quarter net loss of $804,000 including a charge of $405,000 for restructuring, severance costs and other write-downs, compared with a profit of $125,000 last time, on revenue down 15% at $2.18m compared with $2.65m last time. It says license revenue declined 32% at $0.95m from $1.4m last time, but says it’s added 13 royalty-paying customers in the last six months. It now has 35. It claims 50 developers using its products and 750,000 end users. Spatial’s about to unveil version 3.0 of its ACIS 3.0 3D modeling toolkit for CAD/CAM developers.

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CBR Staff Writer

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