Rochester, NY 8/5/2009 6:44:08 PM
Pre-Market - Ditech Networks, Inc., DITC - Ditech Reports Fourth Quarter Financial Results
Ditech Networks, Inc.
Ditech Networks, Inc. release company’s market results for its fiscal 2009 fourth quarter and fiscal year ended April 30, 2009.
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“I am pleased to announce that our revenue was in line with our projections for the last quarter, achieving a 4% quarter over quarter growth in revenue and we kept our operating expenses under control,” said Todd Simpson, Ditech’s president and CEO. “We made good progress with several large carriers in the quarter with our voice quality products, and I am encouraged by the positive feedback that we have received regarding our mStage and toktok initiatives. We are running our VQA business at close to cash break even, and are investing judiciously in our new mSTage and toktok initiatives.”
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