BOISE, Idaho-Extended Systems Inc. released preliminary results for the fourth quarter that repeated an all-too-familiar story for companies trying to sell wireless services to corporations.
“Due to the current economic climate, information technology organizations and the companies for which they work are being very pragmatic and conservative,” said Steve Simpson, president and chief executive officer of Extended Systems. “We continue to sign up record numbers of new XTNDConnect Server enterprise customers but the number of licenses they are buying remains conservative.”
Other companies in the wireless enterprise space have cited similar challenges over the past year.
Extended Systems said it expects net revenues between $5.4 and $5.7 million and a net loss of between $0.16 and $0.19. The company’s stock was down more than 13 percent after the news to about $2.60 per share.