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About Funds Blog 22 August 2008

22 August 2008

India's VC investment sees second-highest quarter on record

Posted by James Breen at 8/22/2008 2:46:00 AM

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Posted at 2:46 0 comments


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  • Total cash and cash equivalents, term investments, ended the quarter at $190.2 million, or $3.84 per weighted average share, versus $194.9 million at the end of the second quarter 2002.
  • The company spent $5.6 million during the third quarter repurchasing approximately 1.3 million of its own shares.
  • Total revenue was $4.0 million, up 8% sequentially from $3.7 million in the second quarter of 2002.
  • Gross margin was 65%, compared to 67% in the second quarter of 2002.
  • GAAP net loss was $2.2 million, or a loss of $0.04 on a per share basis, compared with the second quarter 2002 GAAP net loss of $2.5 million or $0.05 on a per share basis.

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