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Technology / Software

ImageWare posts $1.9 million net loss in Q1

The company has said that the revenues were lower than the $2.3 million preliminary estimate for the quarter due to certain contractual terms requiring the company to defer recognition on over $1 million in software licenses shipped in the quarter. However, ImageWare was able to invoice against the shipment for payment.

First quarter 2008 operating expenses totaled $2.9 million, compared to $3.1 million in the same period in 2007. The loss from operations in the first quarter 2008 totaled $1.9 million, compared to loss from operations of $2.2 million in the same period in 2007.

Net loss per share was $0.22 for the first quarter of 2008 compared to $0.21 in the same period in 2007.


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CBR Staff Writer

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