Product category:
Embedded Software and Operating Systems
News Release from: LynuxWorks
Edited by the Electronicstalk Editorial
Team on 07 June 2002
LynuxWorks becomes cah-flow positive
LynuxWorks has reported sequential quarter over quarter revenue growth for Q3 fiscal year 2002 and Q4 fiscal year 2002 (ending 30th April 2002).
LynuxWorks has reported sequential quarter over quarter revenue growth for Q3 fiscal year 2002 and Q4 fiscal year 2002 (ending 30th April 2002) The company attributed the growth to increased activity in the military/aerospace markets and a solid business model
This article was originally published on Electronicstalk on 18 Apr 2008 at 8.00am (UK)
Related stories
RTOS is optimised for FPGAs with two cores
Supports both the Power Architecture and the MicroBlaze processor that make up the processing components of Xilinx embedded processing solutions.
LynuxWorks also reported that recent restructuring and revenue growth has enabled the company to become cash-flow positive.
The company also announced it has raised $4 million in bridge funding and is in negotiations with venture companies for additional funding.
The additional funds will be used to take advantage of upcoming opportunities in various vertical market segments.
"Contrary to the negative stories we've been hearing about companies offering embedded Linux, I feel we're managing our way successfully through the economic downturn.
We attribute our financial stability to the strong momentum of embedded Linux combined with our strategy of diversifying revenue streams from the compatible suite of LynxOS and BlueCat Linux embedded operating systems combined with our commercial grade tools and world-class service offerings", said Inder Singh, CEO and chairman for LynuxWorks.
"We are confident that our current financial health, funding and our ongoing innovation, will position us for continued growth projected for the industry".
• LynuxWorks: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
