The Orem-based company, which sells Unix and OpenLinux software that competes with Red Hat, TurboLinux and SuSE, said the loss would have been $5.7 million, or 10 cents per share, excluding restructuring charges for its acquisition of key assets of Unix vendor Santa Cruz Operation. That deal, which closed in the third quarter of 2001, cost the company $6.4 million in the last quarter.
On a brighter note, Caldera highlighted new sales to existing customers such as Daimler Chrysler, CVS Pharmacies, Walgreens, Target, McDonald's, Eckerd and Safeway. The vendor continues to pare down operational costs, company executives said. Last quarter, for example, Caldera cut operational costs by $3.5 million and expects to cut expenses by another 3 percent to 5 percent during its second quarter.
Giving more forward looking guidance, Caldera said it expects revenue during the second quarter to come in between $16 million to $18 million, gross margin to remain consistent at 68 percent and annual revenue for the fiscal year ending in October at between $68 million to $72 million.
At its annual shareholders meeting on March 4, Caldera plans to propose a one-for-four reverse split of its common stock. As a result, Caldera's 57.3 million weighted average shares currently outstanding would be reduced to about 14.3 million.