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ANTs software reports increased net loss for Q3
[November 25, 2009]

ANTs software reports increased net loss for Q3


Nov 25, 2009 (M2 EQUITYBITES via COMTEX) -- Database migration solutions provider ANTs software inc (OTCBB:ANTS) on Tuesday reported a net loss for the third quarter 2009 of USD14.06m, compared to the loss of USD3.83m (restated) for the third quarter of 2008. A These figures include non-cash charges of USD12.70m in 2009 and USD1.40m (restated) for the same quarter last year.

Total revenue for this year's third quarter was USD1.38m, compared to USD1.44m in the prior year's third quarter.

The company expects to deliver a custom ANTs Compatibility Server product and go to market with its OEM partner in 2010.


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