FalconStor Software Announces Fourth Quarter 2018 Results Including Growth in the Americas and EMEA Regions
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: PR Newswire
AUSTIN, Texas, March 25, 2019 /PRNewswire/ -- FalconStor Software, Inc. (OTCQB: FALC), a market leader in software-defined storage and data management, today announced financial results for its fourth quarter ended December 31, 2018.Key Financial Highlights for the Fourth Quarter of Fiscal 2018:Achieved Non-GAAP Operating Income of $0.7 million, marking the sixth consecutive quarter of Non-GAAP Operating profitability. On October 9, 2018, we closed on the final tranche of our previously announced Financing of Units, providing the Company an additional $1,000,000 of gross proceeds from new investors. Cash and cash equivalents increased to $3.1 million from $1.0 million at December 31, 2017.Key HighlightsOur FreeStor solution was renamed FalconStor Data Mastery Platform to more accurately reflect the product's full value proposition for large enterprises with complex IT environments. It includes native cloud functionality, newly validated for AWS and in the validation process for additi
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