AUSTIN, Texas — FalconStor Software Inc. (FALC) on Wednesday reported a loss of $125,000 in its first quarter.
The Austin, Texas-based company said it had a loss of less than 1 cent on a per-share basis.
The software-defined storage company posted revenue of $4.5 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit 5 cents. A year ago, they were trading at 7 cents.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FALC at https://www.zacks.com/ap/FALC