CounterPath, a provider of desktop and mobile VoIP software products and solutions, has reported a net loss of $2.2m, or $0.08 per share, for the third quarter ended January 31, 2009, compared to a net loss of $2.2m, or $0.12 per share, for the same quarter of fiscal 2008.
For the third quarter of fiscal 2009, total revenue was $2m, compared to $2.6m, for the same quarter of fiscal 2008.
For the first nine months of fiscal 2009, total revenue was $7.66m, compared to $6.31m for the same period of fiscal 2008. Net loss was $11.62m, or $0.42 per share, compared to a net loss of $6.88m, or $0.46 per share, for the same period of fiscal 2008.
Donovan Jones, president and CEO of CounterPath, said: In the current economic downturn, CounterPath is following a well-developed plan to strengthen our business through more efficient operations in an effort to drive profitability. The steps that we have taken are necessary to meet current business trends and position the company well for when the environment improves. We will continue to invest in our core desktop softphone offerings as well as strategic growth areas such as mobile, plug-ins and fixed mobile convergence.
