Falc, a market leader in storage software, today announced financial results for its first quarter ended march 31, 2018. Falc is a leading softwaredefined storage company offering a converged data services software platform that is hardware agnostic. Mar 22, 2018 austin, texas, march 22, 2018 globe newswire falconstor software, inc. Falconstor software announces fourth quarter and fiscal. Falconstor is a data management software company based in austin, texas. Aug 14, 2019 falconstor software announces second quarter 2019 results including 15% global billings growth pr newswire austin, texas, aug. Falconstor software announces third quarter 2019 results. As a result, many public entities have now disclosed the impact of adopting asc 606 within their interim financial reports on form 10q. Product revenue is comprised of sales of both licenses for our software solutions and sales of the platforms on which the software is installed. Falconstor software announces fourth quarter and fiscal year. Falc, a market leader in storage software, today announced financial results for its. Over the last four quarters, falconstor s revenue has decreased by 9. Falconstor software announces first quarter 2019 results including 112% billings growth in the americas region pr newswire austin, texas, may 15, 2019 austin, texas. Security and exchange commission filings for falconstor software inc.
Falconstor s revenue is the ranked 9th among its top 10 competitors. Falconstor competitors, revenue and employees owler company. Falc is a technology company whose mission is to deliver technical innovation that creates investment protection, flexibility, and leverage of modern. The financial accounting standards boards fasbs new revenue recognition standard asc 606 was effective for annual reporting periods beginning after december 15, 2017, for public entities.
Falconstor software announces third quarter 2017 results. Joanne ferrara, 63177358 investor relations joanne. Sydney, australia, november 8, 2016 falconstor software inc. Cv 123200 drh filed on june 27, 2012 sec charges long island software company in connection with bribery scheme.
Falconstor was cofounded in 2000 in new york by computer associates veterans reijane huai and wayne lam. This includes standalone software applications and software integrated with industry standard hardware, sold as one complete integrated solution or sold on a subscription or consumption basis. Falc, the provider of diskbased data protection solutions, today announced. Falconstor software resources for it pros spiceworks. New version of freestor finally removes the barrier of cloud adoption for performance data melville, n. Falc, a market leader in storage software, today announced financial results for its fourth quarter and fiscal. Falconstor software announces first quarter 2019 results.
The decrease is primarily related to our adoption of new revenue recognition accounting guidance on january 1, 2018 using the modified. Austin, texas november 14, 2018 falconstor software, inc. Falconstor software announces fourth quarter 2019 results. During q2, the company has taken steps to realign our. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will be terrific catalysts for longterm growth. Falconstor competitors, revenue and employees owler. This global revenue decrease was primarily driven by our intentional. Falc, a market leader in softwaredefined storage, today announced financial results for its fourth quarter ended.
Falc, a 16year innovator of softwaredefined storage solutions, today announced it has joined the icita ecosystem through a vendor alliance with the leading regional distributor to provide freestor, the. Brieffalconstor software announces third quarter 2016. Our open, integrated flagship solution freestor reduces vendor lockin and gives enterprises the freedom to choose the applications and hardware components that make the best. Falconstors revenue is the ranked 9th among its top 10 competitors. Barrons also provides information on historical stock ratings, target prices, company earnings. Key financial highlights for the third quarter of fiscal 2018. Software developer falconstor moves hq from new york to. The companys revenue recognition accounting policy is included below for reference. Falc, a market leader in enterpriseclass backup and archive data protection and software. The following information was filed by falconstor software inc falc on thursday, march 12, 2020 as an 8k 2.
View the latest falc financial statements, income statements and financial ratios. Falc is a technology company whose mission is to deliver technical innovation that creates investment protection, flexibility, and leverage of. Pinx company profile, corporate revenues, growth, market size, analysis, business forecasts, market share, metrics, swot. The business, which develops software that manages companies data for storage systems, recently opened its. Falc, a market leader in software defined storage and data management, today announced financial results for its third quarter ended september 30, 2018. Dec 11, 2017 enter publicly traded falconstor software inc. Mar 19, 2020 the following information was filed by falconstor software inc falc on thursday, march 12, 2020 as an 8k 2. Brad wolfe, executive vice president, principal accounting officer, chief financial. The following managements discussion and analysis of financial condition and results of operations contains forwardlooking statements within the meaning of section 27a of the securities act of 1933. Falconstor s audit opinion removes going concern explanation falconstor software, inc. The firms product freestor reduces vendor lockin and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business.
The joint venture was named tianjin zhongke blue whale. Falconstor software announces second quarter 2019 results. Like falconstor, pure storage also works within the systems software sector. Falconstor software announces record q4 revenues business wire. See the complete profile on linkedin and discover jeffs. It provides converged data services software platform that is hardware agnostic. Falconstor software announces fourth quarter 2018 results. Falconstor software inc income statements for executive base pay and bonus are filed yearly with the sec in the edgar filing system. Falc, a market leader in softwaredefined storage and data management, today announced financial results. Barrons also provides information on historical stock ratings, target prices, company earnings, market valuation. Falconstor software ceo talks rebuilding, rebranding. The majority of its revenue is derived from the asia pacific region.
Falc, the market leader in diskbased data protection solutions, today announced financial results for its fourth quarter and full year ended december 31, 2010. Market specialist to provide local channel support of companys flagship converged data service platform. Pure storage generates 9,934% of falconstors revenue. The business, which develops software that manages companies data for storage systems. This decrease is primarily attributable to our adoption of new revenue recognition accounting guidance on january 1, 2018. The following managements discussion and analysis of financial condition and results of operations contains forwardlooking statements within the meaning of section 27a of the.
We are pleased with our q1 performance and resultant financial results, which continued the return to profitability delivered in q3 and q4 of 2017 stated todd brooks, ceo of falconstor. Falconstor software announces first quarter 2018 results. Falc stock price, news, historical charts, analyst ratings and financial information from wsj. The company provides good basic benefits free or at low cost, as in the case. The software vendor has been slightly profitable on a nongaap basis for the past five quarters, but still suffers from declining revenue. Falconstor software inc sec registration sec report.
In an effort to curb years of revenue losses, falconstor software went. Falc is a technology company whose mission is to deliver technical innovation that creates investment protection, flexibility, and leverage of modern cloudbased. Falconstor falconstor software announces third quarter. Falconstor falconstor software announces first quarter. Falc, a market leader in enterpriseclass backup and archive data protection and software defined storage, today. As a result, we have developed, and implemented a proactive plan to survive the storm. Nov 28, 2018 the software vendor has been slightly profitable on a nongaap basis for the past five quarters, but still suffers from declining revenue. Falconstor falconstor software announces fourth quarter. This decrease is primarily attributable to our adoption of new revenue recognition accounting.
Falconstor software announces second quarter 2017 results. Jun 28, 2012 accounting and auditing enforcement no. This decline in revenue was significantly impacted by our adoption of new revenue recognition accounting guidance under topic 606 on january. Over the last four quarters, falconstors revenue has decreased by 9. Led all financial, accounting, treasury, investor relations, business intelligence, banking and capital raising for nasdaq listed, fast growing, high tech, international software company. Falconstor software announces second quarter 2019 results including 15% global billings growth pr newswire austin, texas, aug. View todays stock price, news and analysis for falconstor software inc. May 15, 2019 falconstor software announces first quarter 2019 results including 112% billings growth in the americas region pr newswire austin, texas, may 15, 2019 austin, texas, may 15, 2019 prnewswire.
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