SAN DIEGO -- BakBone Software, Inc. (OTC: BKBO - News), a global provider of heterogeneous integrated data protection solutions, announced today its worldwide bookings* and cash position for its third quarter of fiscal year 2007.
Q3 FY07 Bookings and Cash Position
For the quarter ended December 31, 2006, total worldwide bookings were $17.2 million from the sale of software licenses and maintenance contracts representing a 39 percent increase compared to the second quarter FY07 worldwide bookings total of $12.4 million and a 27 percent increase from $13.5 million for the same period one year ago.
"We delivered record quarterly bookings with strong demand from customers running Linux operating system environments and multimedia web-based applications," commented Jim Johnson, president and CEO for BakBone. "Our success with one of the world's largest Internet providers continued this quarter with BakBone delivering market-leading data protection technologies thus safeguarding the data used by millions of users."
BakBone's total cash balance was $5.9 million at the end of December 2006 as compared to $8.2 million at September 30, 2006. The Company paid approximately $1.5 million during the quarter for costs incurred related to its internal investigation. In addition, a payment of $443,000 was made to fulfill an obligation under the original Constant Data purchase agreement. The Company has maintained a debt-free position since July 2003.