Shares of Wave Systems Corp. (WAVX) Crash

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May 11, 2012 10:25 AM EDT
Shares of Wave Systems Corp. (NASDAQ: WAVX) are moving lower today after the company reported disappointing earnings. Shares of the company were down 25 percent in early trading on Friday. The company posted a loss of -0.09c per share vs. -0.03 for the same period last year. Total net revenues was $7.0 million, compared with $7.5 million in Q1 '11 and $11.0 million in Q4 '11.

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