Workstream Inc. (WSTM), a provider of software and services for human capital management, Monday said it expects to report fourth quarter GAAP net loss in the range of $1.43 million to $1.33 million. The Ottawa, Canada-based company forecasts loss per share of $0.03 for the period. In the comparable period last year, the company reported net loss of $4.04 million or $0.08 per share.
Analysts polled by First Call/Thomson Financial expect the company to report a loss of $0.08 per share for the quarter.
Revenues for the quarter are anticipated between $6.9 million and $7 million, while analysts estimate $7.57 million. Revenues were $7.38 million in the prior-year period.
Cash and cash equivalents as of May 31 were $3.4 million. Workstream expects to report bookings of $2.3 million in additional software business during the quarter.
WSTM is currently trading at $0.33, up $0.01or 3.13%, on a volume of 60 thousand shares.
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