Thursday, November 5, 2009

Wireless Ronin Reports 2009 Third Quarter Results

I won't rehash the results because you can read their full release here. They aren't doing as well as they would like but all in all not so bad--here are the main points:

  • Chrysler and KFC place software development orders
  • Gross margin continues to improve to 34% in third quarter of 2009 compared to 23% and 19% in second and first quarters of 2009, respectively
  • Cash burn of $2.3 million in third quarter of 2009 compared to $4.4 million in third quarter of 2008
  • Revenue remains negatively impacted by general economy and customers’ lack of capital for large digital signage deployments

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