Network Engines Inc. (NENG) announced that its fourth quarter GAAP net loss was $9.7 million or $0.22 per share, compared to net income of $1.8 million or $0.04 per share, in the fourth fiscal quarter of 2007.
Non-GAAP net income for the quarter was $299,000 or $0.01 per share, compared to net income of $2.4 million or $0.06 per share, in the fourth fiscal quarter of 2007.
Net revenues for the quarter was $40.9 million, up from $35.1 million in the fiscal fourth quarter of 2007.
Analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.00 per share on revenues of $40.00 million for the quarter.
For the first quarter, the company expects net revenues to be in the range of $35 million to $40 million. GAAP Net loss is expected to be between $1.4 million and $2.0 million. Non-GAAP net loss is anticipated to be between $500,000 and $1.1 million.
Analysts expect the company to report earnings of $0.00 per share on revenues of $41.88 million for the first quarter.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.