Broadvision Announces Fourth Quarter Results

Fintech Investing

Broadvision (NASDAQ:BVSN) announced fourth quarter news results ending December 31, 2018. The company, that provides e-business solutions reported $1.2 million in revenue for the quarter, and $5.1 million for fiscal 2018. As quoted in the press release: As of December 31, 2018, the Company had $2.6 million of cash and cash equivalents and short-term investments, compared …

As quoted in the press release:

As of December 31, 2018, the Company had $2.6 million of cash and cash equivalents and short-term investments, compared to a combined balance of $4.3 million as of September 30, 2018 and $9.6 million as of December 31, 2017.
“During Q4 we completed preparations for the financing of and transfer of our Vmoso and Clearvale platforms to our subsidiary, Vmoso, Inc.”, says Dr. Pehong Chen, CEO. “These transactions, completed early in Q1 2019, allow both companies to focus on serving our respective markets and customers better.”

Click here to read the full press release.

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