Second Quarter 2010 Financial Highlights:
•
Cash and cash equivalents increased to $2.6 million as of June 30, 2010 from $2.5 million as of December 31, 2009 and $1.1 million as of June 30, 2009
•
Generated positive cash flow of $167,000 for YTD 2010 compared to $1.0 million negative cash flow for the same period in 2009, an increase of 117%
•
Cash flow used by operating activities decreased $533,000 to $82,000, an improvement of 86.7%
•
Q2 2010 operating expenses remained relatively unchanged from Q2 2009
•
Net loss of $581,000 for the six months ended June 30, 2010, compared to a net loss of $685,000 for the same period in 2009
“Our second quarter met operational expectations and we are optimistic about the growth in new customer business that we saw compared to 2009”, said Lou Ryan, CEO of St. Bernard Software. “Additionally, we were able to prepare operationally for the integration of Red Condor that we announced last week. The integration along with the additional investment we received will help support our drive for greater growth in our core security markets.”
All posts are imho only. Do not buy or sell securities based on my opinions.
