[November 09, 2009] AuthenTec reports net loss in Q3 Tweet Nov 09, 2009 (Datamonitor via COMTEX) -- AuthenTec, a provider of smart fingerprint solutions, has reported a net loss of $4.15 million, or $0.14 per diluted share, for the third quarter ended October 2, 2009, compared to a net income of $550,000, or $0.02 per diluted share, in the third quarter of 2008. For the third quarter of 2009, total revenues were $10.27 million, compared to $18.41 million in the same quarter of 2008. For the first nine months ended October 2, 2009, total revenues were $25.75 million, compared to $52.33 million in the same period of 2008. Net loss was $14.43 million, or $0.50 per diluted share, compared to a net income of $1.39 million, or $0.05 per diluted share, in the same period of 2008. Scott Moody, chairman and CEO of AuthenTec, said: "Our sequential revenue growth in the quarter was driven by increased sales in both the PC and wireless markets. While we remain focused on prudently reducing our costs, we continued to make progress in the development of our new products for our targeted growth markets in cell phones and lower cost PCs." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]