For the year, the company reported a net loss of $6.9m compared to a loss of $24.5m in 2001, on revenue of $3.39m, compared to $1.08m in 2001. Webb, listed on the over-the-counter market, did not disclose its quarterly results.
CEO Bill Cullen said: We are confident that Jabber’s revenues will almost triple again this year over last and that Jabber will meet our goal of achieving cash flow breakeven by the end of the year. He added that the company will need financing in the current quarter to do this.
Source: Computerwire
