09:40 AM EST - Maximizer Software Inc. : reported a wider loss for the second quarter, reflecting a drop in revenues globally. For the second quarter, the Vancouver- based company recorded a net loss of $426,000 U.S., compared to a loss of $272 million U.S. in the previous year. Maximizer benefited from foreign exchange gains of $161,000 U.S. in the latest quarter. In the prior-year period it recorded foreign exchange loss of $47,000 U.S. Revenues for the period declined to $3.06 million U.S. from $4.53 million U.S. last year. Operating expenses reduced year-over-year to $2.71 million U.S. from $3.91 million U.S. Selling and marketing costs came down to $973,000 from $1.33 million U.S., while administrative and other expenses decreased to $976,000 U.S. from $1.53 million U.S. in the same period last year. The company curtailed research and development outlay to $713,000 U.S. for the latest quarter, compared to $983 U.S. a year ago. For the first half of fiscal 2009, net loss widened to $1.23 million U.S. from $584,000 U.S. in the same period last year. Revenues for the first six months dipped to $5.85 million U.S. from $8.96 million in 2008. Maximizer Software Inc.
shares T.MAX are trading even at $0.05.
