SCO reports $228,000 operating loss for quarter ended Jan. 31

By Caroline Salls

Pittsburgh, March 23 - The SCO Group, Inc. reported a $228,000 loss from operations for the quarter ended Jan. 31 on $3.1 million in total revenues, according to a 10-Q filed with the Securities and Exchange Commission.

The figures compared to a $1.05 million loss from operations posted for the quarter ended Jan. 31, 2008 on $4.87 million in total revenues.

According to the 10-Q, the decrease in revenues primarily resulted from a continued decline in the company's UNIX business.

The net loss for the most recent period was $459,000, narrowing from a $1.49 million net loss for the previous period.

SCO had $1.84 million in cash and cash equivalents at Jan. 31, down from $4.8 million at Jan. 31, 2008.

The company said it intends to use its cash as of Jan. 31 to run the UNIX business and pursue litigation, and SCO believes that it has enough liquidity resources to fund operations through at least July 31.

SCO, based in Lindon, Utah, develops UNIX software technology for distributed, embedded and network-based systems. The company filed for bankruptcy on Sept. 14, 2007 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 07-11337.

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