Yep, Palm has now made available their quarterly figures for ending November the 30th and have posted a net loss of some $81.9 million, which although seems rather substantial, is an improvement on the same period of a year ago when that loss was $506.2 million.
Although according to the article over on pcworld, Palm revenue slipped to $78.1 million as compared to last year, which was $191.6 million. Analysts were hoping for a non-GAAP loss of $0.32 a share but the actual non-GAAP loss was $0.37 a share.
Palm’s GAAP loss stands at $0.54 a share, which is an improvement from a year earlier with a loss of $4.64 a share. Apparently the reason for the revenue fall was that the Palm Pixi was introduced towards the end of the year and the continued decline in sales of legacy products.
Palm hopes they can meet their target and become profitable this year and has outlined several strategies to reach that position beginning with ramping up their marketing efforts.