The SCO Group, now best known for suing major Linux distributors and Linux users for allegedly infringing its patents, is continuing to lose cash hand over fist.
For the quarter to 31 January, Unix system specialist SCO saw sales fall to $7.34m (£4.3m). In the same quarter last year, the company reported sales of $8.86m.
SCO chief financial officer Bert Young blamed the sales decline on competing Linux systems eating away at SCO’s sales base.
SCO’s patent infringement cases are continuing and the legal expenses are also affecting the company’s bottom line.
The company’s net loss for the first quarter was around $4.6m, compared with a $2.96m net loss in the same quarter the previous year.
But while SCO’s business continues on a downward spiral, the amount paid over in stock compensation to employees is going up.
Helping to make up the company’s first quarter net loss was $401,000 of stock-based compensation expenses.
This compared to just $15,000 in stock-based compensation expenses for the same quarter last year.