Volumen um mehr als 500% gestiegen von 18Millionen auf 23 Millionen,Report enttäuschend
SALT LAKE CITY, Mar 28, 2002 /PRNewswire-FirstCall via COMTEX/ -- Fonix(R) Corporation (FONX today announced financial results for the year ended December 31, 2001. "In line with market performance during 2001, our operating results for 2001 did not meet our expectations, reflecting the general slowdown in the economy, especially in the telecommunications industry where historically the Company has generated revenues," said Thomas A. Murdock, Chairman and CEO. Revenues from license fees and services were $607,644, for the year ended December 31, 2001, compared to $656,853 for the year ended December 31, 2000. Text-to-speech channel license sales in computer telephony and server-based markets slowed as a result of soft market economic conditions. However, revenue from product development services performed in 2001 was 45% greater than 2000. These services are expected to lead to licensing agreements and future royalty opportunities in embedded markets through the Company's automotive and wireless solutions. "As the telecommunications industry recovers from its recent challenges and as wireless and mobile devices gain broader acceptance with our speech solutions, the Company is positioned to take advantage of market growth and expansion," stated Mr. Murdock. An increase in cash expenditures for operating activities reflects the Company's efforts to maintain its technological advantages and benefit from current and future marketing activities.
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