Crossroads Systems (CRDS) Tops Q2 EPS by 12c
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Crossroads Systems Reports Fiscal Second Quarter 2016 Financial Results
June 2, 2016 4:05 PM EDTAUSTIN, Texas, June 2, 2016 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS), an intellectual property licensing company, reported financial results for its fiscal second quarter ended April 30, 2016.
On March 22, 2016, Crossroads sold its product business to Canadian-based StrongBox Data Solutions, Inc. The presentation of the company's quarterly financial results excludes product revenues and expenses, which are now reflected as discontinued operations.
Intellectual property license revenue for the fiscal second quarter was $210,000, compared to $190,000 in the same quarter a year... More
