01 Communique loses $1.57-million in fiscal 2015 2015-12-14 17:16 ET - News Release Mr. Andrew Cheung reports
01 COMMUNIQUE REPORTS FOURTH QUARTER FISCAL 2015 RESULTS
01 Communique Laboratory Inc. has released results for its fourth quarter fiscal 2015, which ended Oct. 31, 2015. The loss and comprehensive loss for the fourth quarter 2015 was $463,096 (2014 - $674,589). The adjusted loss, which excludes non-cash expenses for stock-based compensation and depreciation, for the quarter was $333,711 (2014 - $438,087). The Company completed the year with $551,205 of cash and cash equivalents.
"Throughout 2015 we concentrated our efforts on preparing for our patent lawsuit trial against Citrix, scheduled to commence January 8, 2016," said Andrew Cheung, President and CEO for 01 Communique. "Our results for fiscal 2015 reflect our emphasis on this aspect of our business. With respect to the case, summary judgment motions have been filed and we are waiting for the court's decision on these motions. A pre-trial conference is scheduled for December 21, 2015 and then on to trial. We look forward to our day in court."
An update on the Company's patent lawsuit against Citrix Systems Inc. ("Citrix") follows.