The SCO Group Inc. posted a net loss of almost US$15 million for its most recent financial quarter Thursday, as the company continues to struggle to realize revenue from its controversial SCOsource software licensing program.
Revenue for the company's second fiscal quarter, ended April 30, was just over $10.1 million, less than half the $21.4 million it reported in the same quarter last year, when SCO was earning money from software licensing deals with Microsoft Corp. and Sun Microsystems Inc.
The reduction in revenue was "primarily the result of a lack of SCOsource licensing revenue," which totaled $8.3 million in the year-ago quarter, SCO said in a statement.
SCO claims that the Linux operating system illegally contains its Unix source code, and last year began the SCOsource program as a way of seeking licensing fees from Linux users for use of this code. The program has not been widely adopted by the industry, in part, because SCO's claims have yet to be proved in court.
During the second quarter, SCO also realized a $682,000 charge related to streamlining Unix business operations, and a $2.1 million charge for the impairment of goodwill and intangible assets, the company said.
Separately, the company announced that its stock is being listed without its "consent or authorization" on three obscure German stock exchanges: the Berlin-Bremen, Stuttgart and Frankfurt Freiverkehr exchanges.
The company has formally requested that its shares be delisted from the exchanges and that it be provided names of listing brokers, according to a SCO statement. SCO did not explain why it seeks the delisting.