AUSTIN, Texas — FalconStor Software Inc. (FALC) on Tuesday reported a loss of $557,000 in its third quarter.
The Austin, Texas-based company said it had a loss of 16 cents per share. Losses, adjusted for restructuring costs and stock option expense, were 3 cents per share.
The software-defined storage company posted revenue of $4 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $3.07. A year ago, they were trading at $6.19.
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