So Broadvision reported earnings and continues to displace the notion that earnings will be robust. With its continued weak performance and the downward slide in revenue the tout machine Lebed and NIA have a lot of explaining to do.
Revenue for the first quarter of 2012 was $3.8 million
The previous quarter which was the fourth quarter of 2011 revenue was $4.2 million
Revenue for the first quarter of 2011 was $5.1 million
Licensing revenue for the first quarter of 2012 was $1.4 million
The previous quarter licensing revenue came in at $1.6 million
Licensing revenue for the first quarter of 2011 came in at $1.5 million
Cash and investments came in at $55.3 million
Cash last quarter came in at $54.4 million
Cash came in first quarter of 2011 at $60.9 million
Again, it seems that traction with Clearvale clearly has not materialized in their revenue to offset their legacy platform of K2 and QuickSilver.
Without any near term catalyst Broadvision will continue to face a challenging path to justify its current valuation. Without new management and clout to remain competitive Broadvision will remain a blip in among the titans. Broadvision has created very minimal shareholder value for the past decade till this recent run-up with the touting by Lebed and NIA. Clearly they have every intentions to tout this stock, however buyer beware as the results speak for themselves that Broadvision continues to be a company in decline.