MandrakeSoft shareholder newsletter

MandrakeSoft has posted its shareholder newsletter for the 2002/2003 fiscal year. Revenue for the year was €3.9 million, down from €4.7 million the year before; the company attributes the decline to its bankruptcy proceedings, the weak economy, and the decline of the dollar. The company's losses also fell, however, to €2.2 million, less than half of what it lost the year before, and gross margins have increased considerably. MandrakeSoft claims to cash-flow positive since January, and to be heading toward a positive operating result in the current quarter. It looks like an exit from the bankruptcy process will be happening before too long.

---

(Log in to post comments)