Insightful Corporation (IFUL) Reports Q1 Loss of $0.06
Insightful Corporation (NASDAQ: IFUL) reports a Q1 non-GAAP loss of $0.06 compared to $0.02 profit for the same period last year.
Insightful reported total revenues of $6.2 million in the first quarter of 2007, an increase of 12% over revenues of $5.5 million in the first quarter of 2006.
For the second quarter of 2007, Insightful expects revenues to increase over the second quarter of 2006. The company expects costs in the second quarter of 2007 to be higher than in the first quarter of 2007 as it continues to set the foundation for future growth by investing in sales, marketing and development of its product lines. Because of these investments, management believes the company will incur both a GAAP and a non-GAAP loss in the second quarter of 2007.
Insightful reported total revenues of $6.2 million in the first quarter of 2007, an increase of 12% over revenues of $5.5 million in the first quarter of 2006.
For the second quarter of 2007, Insightful expects revenues to increase over the second quarter of 2006. The company expects costs in the second quarter of 2007 to be higher than in the first quarter of 2007 as it continues to set the foundation for future growth by investing in sales, marketing and development of its product lines. Because of these investments, management believes the company will incur both a GAAP and a non-GAAP loss in the second quarter of 2007.
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