Frontstep (Nee Symix Systems) A Step Closer To A Turnaround
P.J. Jakovljevic - February 26, 2001

Event Summary

On January 24, Frontstep, Inc. (NASDAQ: FSTP), a leading provider of business systems for mid-sized distributors and manufacturers, announced financial results for the second quarter and six months ended December 31, 2000. Revenue from new license fees was $17.2 million, up 11% from the same quarter last year. Total revenue was $34.1 million, up 22% from the Q1 2001. However, compared to the same quarter last year, total revenue was essentially flat on lower service revenue. As expected, the company reported a loss for the quarter. The net loss was $957,000, compared to net income of $288,000, for the same quarter last year (See Figure 1)...