SAN DIEGO -- BakBone Software, Incorporated (Pink Sheets:BKBO), a global provider of heterogeneous integrated data protection solutions, reported today its worldwide bookings(a) and cash position for its first quarter of fiscal year 2009.
For the first quarter of fiscal year 2009 ended June 30, 2008, total worldwide bookings were $14.2 million from the sale of software licenses and maintenance contracts. This represents a decrease of approximately 21 percent from bookings of $18 million as reported for the fourth quarter of fiscal year 2008 and approximately a seven percent increase from $13.3 million for the first quarter in fiscal year 2008.
BakBone's total cash balance as of June 30, 2008 was $10 million as compared to $10.1 million as of March 31, 2008.
Although BakBone experienced a sequential downturn in bookings growth due to typical seasonality, the Company passed several important milestones during the first quarter of fiscal 2009. We completed six major new products and product updates, stepped-up marketing and advertising, and developed a significantly improved channel partner program, said Jim Johnson, chief executive officer, BakBone. Our finance and accounting team worked non-stop to bring the filing of our form 10K for fiscal years 2004, 2005 and 2006 to completion. This is an important step toward becoming a current filer with the SEC.
BakBone Software Inc.