FalconStor Software: 1Q Earnings Snapshot

Associated Press |

AUSTIN, Texas (AP) _ FalconStor Software Inc. (FALC) on Wednesday reported a loss of $125,000 in its first quarter.

The Austin, Texas-based company said it had a loss of less than 1 cent on a per-share basis.

The software-defined storage company posted revenue of $4.5 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit 5 cents. A year ago, they were trading at 7 cents.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FALC at https://www.zacks.com/ap/FALC

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