Calgary-based Jawz Inc. has reported a loss in the third quarter of $6.65 million or 19 cents per share. Third-quarter revenue was $4.1 million.
The company would not provide year-earlier comparable figures, although it noted in a news release that third-quarter revenues were up 82 per cent over the second quarter.
“This is a startup company. It’s only been around a couple of years,” said investor-relations vice-president Ed Baer from the company’s international headquarters in Toronto.
“It really is irrelevant. There were no revenues until the fourth quarter of last year.”
The company said third-quarter losses were in line with its expectations. “The third quarter is indicative of the ongoing development of our corporate strategy and the integration of synergies from our recent acquisitions,” said Jawz chairman and CEO Robert Kubbernus in a statement.
“Third-quarter revenue growth is principally attributed to continued strong contributions from ongoing engagements through major accounts,” the statement added.
“Other contributing sources of revenue were derived from strategic alliances with parties like General Electric, Telus and Group Telecom.”
Jawz specializes in providing information security services and applications for Internet and data storage use.
During the third quarter, Jawz said, it made three acquisitions of security software, hardware and support companies: 4COMM.com, General Network Services Inc. and Betach Systems Inc.
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