Versant Loss Narrows In Q2

5/24/2012 4:23 PM ET

Versant Corp. (VSNT: Quote) Thursday reported a second-quarter loss, which narrowed from last year, helped mainly by higher revenues.

Net loss for the second quarter narrowed to $0.2 million or $0.07 per share from $0.5 million or $0.17 per share in the same quarter last year.

Versant reported revenues of $3.8 million, up 9 percent from $3.5 million last year. One customer accounted for 34 percent of total revenues for the quarter, whereas two customers accounted for 29 percent of total revenues.

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by RTT Staff Writer

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