Just a short reminder of how WAVX stood one year ago:
2008 Aug 11, Wave Systems Corp. (NASDAQ: WAVX), a leading developer of trusted computing solutions and services, announced that it is selling to investors 1,368,333 shares of its Class A common stock at a price of $0.60 per share, yielding gross proceeds of approximately $821,000. Investors in the offering will also receive three-year warrants to purchase an aggregate of 342,083 shares of Wave's Class A Common Stock for $0.65 per share. The net proceeds of the financing will be used to fund Wave's ongoing operations.
(Ihub #169,328, 8/11/08)
2008 Aug 11, Wave Systems Corp. today reported results for the second quarter (Q2) and six months ended June 30, 2008 and reviewed recent corporate progress and developments. Reflecting an increase in license revenues, Wave’s Q2 2008 net revenues rose 41% to $1,985,000, compared to Q2 2007 net revenues of $1,410,000, and Q1 2008 net revenues of $1,699,000. The improvement in license revenues was principally due to increased royalties from shipments of Wave software by OEM partners as well as from initial growth in software license upgrades.
(Ihub #169,342, 8/11/08)
