FalconStor Software Inc (NASDAQ: FALC), a provider of disk-based data protection solutions, declared yesterday (16 October) the preliminary financial results for its third quarter ended 30 September 2008.  The company expects revenue for the third quarter to be between USD19m to USD19.5m and non-GAAP earnings, excluding the effects of stock-based compensation expense net of the related income taxes, per share to be breakeven. This is based on preliminary financial data.  The company expects revenue for the full year 2008 to be in the range of USD85m to USD87m, based on year-to-date results and projections for the fourth quarter of 2008 and the non-GAAP net income is expected to be between USD0.12 and USD0.14 per diluted share, which excludes stock-based compensation, net of income taxes.  As a result of the impact of the weak economy on the business, the company advises investors not to rely on the other aspects of its previous financial guidance for 2008. The company will release final results for the third quarter on 28 October 2008 and will host a conference call to discuss its final financial results on the same day.

Tags: Boxes Hard Drive Enclosure Self Storage Organizers Storage Facilities

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