FalconStor Software Announces First Quarter 2018 Results
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: GlobeNewswire
MELVILLE, N.Y., May 10, 2018 (GLOBE NEWSWIRE) -- FalconStor Software, Inc. (OTCQB:FALC), a market leader in storage software, today announced financial results for its first quarter ended March 31, 2018. “We are pleased with our Q1 performance and resultant financial results, which continued the return to profitability delivered in Q3 and Q4 of 2017,” stated Todd Brooks, CEO of FalconStor. “Our products play a key role in efficiently managing and protecting critical data within enterprises around the world. Given our improved financial stability and continually improving operational efforts, our focus for the balance of 2018 will shift to further product innovation and strategic growth.” Financial Overview: Three Months Ended March 31, Change Period to Period(in millions except per share data)2018 2017 Total revenue$5.0 100% $6.0 100% $(1.0) (17)%Total cost of revenue$0.8 15% $1.5 24% $(0.7) (48)%Total operating expenses$3.7
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