Striking comments in the recent report.
"Revenue was $38.9 million YTD, an increase of 46% from $26.6 million in the same period last year. Revenue in Q3-F2009 increased 35% to $13.7 million, compared to $10.1 million in Q3-F2008. Revenue is considered a lagging performance indicator as it is a function of deferred revenue as opposed to sales in the quarter. Substantially all of the revenue from Q3-F2009 Sales Contracts is included in deferred revenue on the balance sheet at March 31, 2009, which climbed to $97.3 million, compared to $87.8 million at June 30, 2008."
"Absolute is in a strong financial position, with no debt and the financial resources necessary to fund its operating and capital requirements and to execute on its growth strategies. Accordingly, the company launched a normal course issuer bid in November 2008 for the repurchase and retirement of up to 4.2 million of Absolute's shares. Under this bid, Absolute had repurchased 3.3 million shares for a total of $10.6 million. After the share repurchase, at March 31, 2009, Absolute's cash, cash equivalents and investments (including long term) were $67.2 million, compared to $64.0 million at June 30, 2008"