INDUSTRI MATEMATIK PREDICTS A Q3 LOSS

Industri-Matematik international Corp, the Swedish supply chain management software developer, expects to report revenues of $20m and a net loss of $0.28-$0.30 per share for its third quarter, which ended on January 31. The company said that license revenues had totaled just $4m during the quarter, a figure that CEO Stig Durlow said had left the company extremely disappointed. The company said the net loss included a one-time charge for in-process R&D related to the acquisition of the Abalon customer management software division of Astea International.

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