Irish software company Iona Technologies today posted a second quarter revenue of €19.8 million.
But the company reported a net loss of $1.2 million, or 0.03 cent per share.
Iona chief executive Peter Zotto said, "We expanded Iona's addressable market by delivering new products developed by Iona as well as those from our recent acquisitions."
"We integrated the company's newly acquired businesses, C24 and LogicBlaze, in the first six months of 2007," he said.
Chief financial officer Bob McBride said: "Cash flow from operations, aligned with deliberate and controlled cost expansion, funded our strategic initiatives, driving continued growth.
"All of this was accomplished while maintaining our cash balance at levels consistent with recent history. We continue to be strongly positioned to deliver sustainable growth and increase shareholder value," he added.