Red Hat's fourth-quarter results

[Posted March 25, 2003 by corbet]

Red Hat, Inc. has announced its fourth-quarter results. The bottom line is that the company essentially broke even on $25.9 million in revenue. The release also notes that Red Hat has now sold 16,500 "Red Hat Enterprise Linux AS" subscriptions, and shipped 5,000 copies of the new enterprise workstation product.

Red Hat's fourth-quarter results

Posted Mar 25, 2003 21:25 UTC (Tue) by hp (guest, #5220) [Link] (1 responses)

Minor correction: it's Enterprise Linux AS, not Enterprise Server AS.
AS/ES/WS are the three flavors of the Enterprise Linux product.

Red Hat's fourth-quarter results

Posted Mar 25, 2003 21:42 UTC (Tue) by corbet (editor, #1) [Link]

Reading press releases for too long does that to me...words start swimming around and stop making sense...

Fixed now.

Red Hat's fourth-quarter results

Posted Mar 26, 2003 0:08 UTC (Wed) by hazelsct (guest, #3659) [Link]

Interesting: "broke even", but had $3M in "positive cash flows". This means they made that much money, but just stuck it in the bank, right?

Not that this helps investors, but it does show that they're earning more than they're spending, which is cool. And having $292M in cash, vs. 22.9M expenditures for the quarter (revenues - positive cash flows), means they have the cash to survive for more than three years at this rate with zero revenue.

Nice going RedHat!