Additional Information
Market: TSX
Sector: Software
EPIC: ICS
Latest Price: 0.09  (0,00%)
52-week High: 0.20
52-week Low: 0.07
Market Cap: 14.69M
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Intrinsyc Software International
www.intrinsyc.com

Intrinsyc provides software solutions that enable next-generation handheld products, including mobile handsets, smart phones, and embedded devices. The company's products include the Soleus(R) software platform for converged device development and Destinator(R) navigation software.

Intrinsyc narrows first quarter loss, sees revenues improving going forward

14th May 2009, 3:22 pm

Mobile devices software maker Intrinsyc Software International Inc (TSX:ICS) narrowed its pretax loss in the first quarter to end-March 2009 to US$1.6 million from US$3.8 million a year earlier as revenue dipped to US$4.4 million from Us$5.5 million.

Interim chief executive Tracy Rees said in a statement "Although the challenging industry and macro-economic environment continued to impact our revenue performance during the past quarter, we made strong progress towards our goal of positive cash flow in 2009.

"We expect improvement in revenue performance in subsequent quarters as a result of new agreements signed in the quarter, including the signing of a multi-million dollar agreement with a Fortune 500 company,” she added.
 

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