- Published: 09 December 2008 09 December 2008
The company reiterated that it expects revenues will grow to a range of US$ 175 million to US$ 185 million in its fiscal 2008 from approximately US$ 112 million in fiscal 2007..
The company also maintained its net loss guidance of US$ 13 million to US$ 15 million, or US$ 0.30 to US$ 0.35 per share, for fiscal 2008 and confirmed that it expects to generate its first profit based on U.S. Generally Accepted Accounting Principles (GAAP) in the fourth quarter of fiscal 2008. For fiscal 2009, the company expects to grow revenues to more than US$ 225 million with gross margin in the range of 28 to 30 percent. The company also expects to be profitable on a GAAP basis for full year fiscal 2009.