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Versant Corp. Message Board

  • bumperbooks bumperbooks Dec 1, 2011 9:39 PM Flag

    Earnings out - horrible guidance.

    From their earnings PR issued today:

    "The Company currently expects revenues in fiscal 2012 to be at a level similar to that of fiscal 2011. Versant plans to make significant investments in research and development in order to execute on our new strategic initiative to develop dedicated Big Data analytics software. Additional marketing resources are also necessary to make the initiative a success. As a result of these investments, we currently estimate a net loss of approximately $1.7 to $1.9 million for the fiscal year ending October 31, 2012. Versant expects net cash from operating activities for fiscal year 2012 to be minimal."

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