BroadVision, Inc (BVSN) saw its loss narrow to $2.39 million, or $0.48 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $3.32 million, or $0.68 a share. Revenue during the quarter dropped 23.12 percent to $2.06 million from $2.68 million in the previous year period. Gross margin for the quarter expanded 651 basis points over the previous year period to 62.59 percent.
Operating loss for the quarter was $2.09 million, compared with an operating loss of $2.41 million in the previous year period.
“BroadVision's global Vmoso partner network has continued to expand, and in Q4 we added NTT Communications as our major Vmoso strategic partner," said Dr. Pehong Chen, president and chief executive officer of BroadVision. "NTT Communications is the largest telecommunications company in Japan, and has endorsed Vmoso as a key initiative in knowledge-driven enterprise communication and collaboration. The relationship expands Vmoso’s distribution footprint with enhanced sales channels, public and private cloud deployment capacities, and technical and strategic consulting, systems integration, and customer support capabilities in key markets across four continents.”
Working capital drops significantly
BroadVision, Inc has witnessed a decline in the working capital over the last year. It stood at $17.39 million as at Dec. 31, 2016, down 33.62 percent or $8.81 million from $26.20 million on Dec. 31, 2015. Current ratio was at 4.96 as on Dec. 31, 2016, down from 5.53 on Dec. 31, 2015.
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