Voxware Sales Continue to Grow

Voxware, Inc. (Lawrenceville, N.J.), a supplier of voice-recognition technology, announced financial results for the quarter ended September 30, 2005. The company achieved total revenues of $5.4 million, an increase of 86% over the same period of last year, and an overall net loss of $108,000.

“In this quarter the Company once again enjoyed strong results,” said Tom Drury, Voxware's CEO. “Revenues surpassed the $5.0 million mark for the second quarter in a row, and we again achieved positive operating income, equal to $121,000 in this quarter. After the exclusion of $415,000 in amortization of deferred employee compensation associated with stock option issuances (a non-cash item), operating income was $536,000.”

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