SCO's vanishing licensing biz hits Q4 revenues
McBride hails 'progress'
The SCO Group suffered a large drop in revenue during its fourth quarter, as its SCOsource licensing business evaporated.
SCO posted revenue of $10m during the period, which compares to $24m in revenue reported in the same quarter one year ago. One of the biggest reasons for this revenue loss was the dismal performance of the SCOsource business. SCO pulled in only $120,000 in licensing revenue during this year's fourth quarter as compared to $10m last year. SCO reported a net loss of $6.5m for the quarter versus a net loss of $1.6m one year earlier.
"Fourth quarter achievements demonstrate continued progress at SCO," said SCO's CEO Darl McBride.
For the entire year, SCO pulled in $42.8m. This compares to $79.2m reported during 2003. SCO's net loss was $16.2m - three times last year's $5.3m loss. Investors sent SCO's shares down more than 7 percent during Wednesday's trading. ®