Neoware Systems Inc, a King of Prussia, Pennsylvania-based provider of thin client computers and software, has reported a third quarter net loss of $364,686 down from losses of $1.3m on revenue down 34.1% at $2.4m. Chief executive and president Edward Callahan said that the company was concentrating on growing revenue, whilst making efforts to cut operating costs. Callahan said that despite poor sales, there were encouraging signs of an upturn. Sales and marketing expenses fell to only $313,819 from $1.3m last year. Neoware outsourced part of its manufacturing to SCI Technology Inc, the Huntsville, Alabama-based contract manufacturer. With the share price hovering just above the $1 mark, analysts have stopped making earnings predictions.
