GOJO reports 20 percent jump in sales

Santa Cruz Sentinel
SANTA CRUZ – Sales jumped about 20 percent last year and losses shrunk, according to GraphOn Corp. a small publicly owned Internet company announced Monday.

The Santa Cruz-based company reported revenue of almost $8.1 million for the fiscal year ended Dec. 31, compared to more than $6.7 million a year ago. Net loss for the year was about $1.82 million, or 4 cents per share, compared to a net loss of $2.63 million or 6 cents per share, for 2008.

GraphOn makes software that gives users access to their applications remotely via the Internet.

Company shares trading on the Over-the-Counter Bulletin Board as GOJO.OB climbed by less than 1 cent Monday to close at 5.5 cents. The 52-week range is 4-15 cents.

Revenue from new business within the company’s core GO-Global product line remained constant year over year, according to Robert Dilworth, chief executive officer. Dilworth attributed the revenue increase primarily to $2.3 million recognized from intellectual property licenses.

“With respect to our primary line of business, as a result of our continued investment in our GO-Global products, we believe we will continue to be in a position to introduce upgraded products that will maintain our position in the marketplace,” Dilworth said.

The company, which intends to announce new products later in the year, ends the year with $2.85 million in cash.

This article appeared here.

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