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Zi Corp. Reports Second Quarter 2008 Results of Operations
(Wireless News Via Acquire Media NewsEdge)
Zi Corp., a provider of mobile discovery and advertising solutions, has
announced the financial results for its second quarter ended June 30.
The company noted in its report that a contract extension with Lenovo
Mobile to 2011 and the integration of eZiText onto selected HP LaserJet
multi-function printers shipping across the globe. The Company also
completed its European Qix trials which showed compelling data results.
Total revenue for the second quarter decreased to approximately $2.7
million compared to $3.5 million for the same quarter of 2007. Net loss
from continuing operations was approximately $1.5 million or ($0.03)
per basic and diluted share, compared to $1.2 million or ($0.02) for
the same period in 2007. The second quarter of 2007 included $.4
million of one-time revenue, as previously reported.
Cash and equivalents at June 30, totaled $2.6 million as compared to
$4.9 million at December 31, 2007. Company reports no long term debt.
The Canada Revenue Agency completed its audit of the Company's cross
border transactions with no adjustments to previously-filed tax returns.
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((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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