SANTA BARBARA, Calif. (AP) _ QAD Inc. (QADB) on Wednesday reported fiscal fourth-quarter earnings of $410,000.
On a per-share basis, the Santa Barbara, California-based company said it had net income of 2 cents. Earnings, adjusted for stock option expense and amortization costs, came to 15 cents per share.
The manufacturing software maker posted revenue of $78.6 million in the period.
For the year, the company reported a loss of $15.9 million, or 82 cents per share, swinging to a loss in the period. Revenue was reported as $310.8 million.
QAD Inc. shares have decreased 45% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.05, a drop of 37% in the last 12 months.