| Wave Systems Corp. (NASDQ: WAVX) is a leading | | | | cash and working capital position." The company's |
| provider of management software for | | | | EBITDAS loss declined to $118,000 in Q1 2010 from $1 |
| hardware-based security. The company announced | | | | million in Q1 2009. Mr. Sprague believes that the |
| Monday that it has acquired two U.S. patents pertaining | | | | healthcare and financial services industries are verticals |
| to security subsystems for storage devices. These | | | | where they are seeing strong interest and increased |
| patents describe certain elements of core technology | | | | demand given those industries' needs to secure |
| underlying self-encrypting hard drives. | | | | business, customer, financial, and patent data. |
| Wave's Q1 2010 net revenues from software licensing | | | | |
| rose 53% to $5.7 million from $3.7 million in Q1 2009. | | | | |
| This growth results from both the growth in royalties | | | | To view this article at World Market Media click on the |
| from enterprise software license sales and from | | | | link below: |
| increased shipments of Wave's software bundled with | | | | |
| self-encrypting drives (SEDs). Furthermore, Wave's | | | | About World Market Media: |
| total current assets rose to $9.1 million and its total | | | | (The Global Online Investment Community) is a high |
| current liabilities – including $3.3 million of deferred | | | | traffic stock market, news data website providing |
| revenue – declined to $7.5 million. | | | | cutting edge new media products and services to |
| Steven Sprague, President and CEO of Wave | | | | publicly traded companies worldwide. Our Editor's Desk |
| Systems, commented on the company's solid financial | | | | authors insightful real-time coverage on the economy, |
| and operational progress in Q1 2010, saying that they | | | | the capital markets and their listed companies. |
| "ended the quarter with significant improvements in our | | | | |