Workstream Posts Revenue and Net Losses

April 16, 2010 – Workstream Inc./( NASDAQ:WSTM), a provider of on-demand compensation, performance and talent management software, has posted revenues of $4 million for the third quarter fiscal 2010, compared to $5.30 million during the same period last year. “The company's Q3 results were reflective of corporate customers hesitating to spend on new capital project while healthcare and financial reform continue to point to a jobless recovery, tight credit availability, coupled with our own challenges with our own note exchange,” said Michael Mullarkey, president and CEO. “While our own note restructuring has placed new hurdles for the company to manage through, management will not allow the company to be deterred in its overall focus and plans.”

Share This Article


Notify of
Inline Feedbacks
View all comments