FalconStor Software

Broadridge, Chembio shine, Applied DNA stumbles

  APPLED DNA Sciences Headquarters: Stony Brook Industry: Biotechnology Nasdaq: APDN Reporting Date: Aug. 13, 2018 Reporting Quarter: 3Q FY2018 Quarter Ended: June 30, 2018 Numbers: Reported third-quarter revenues were an even $1 million, down 44.4 percent from the $1.8 million reported for the same quarter last fiscal year. Total quarterly operating expenses were $3.6 million, down 14.2 percent from the $4.2 million reported for 3Q FY2017, but the company still posted a net loss…


No. 295: Schein spins out, Marcum surveys CEOs, FalconStor soars west, and how San Diego can save Long Island

Welcome to Wednesday: Over the hump we go, dear readers, and a special hello to new subscribers Heather, Lincoyan, Alan, Nick, Chris, Kimberly, James and Aamir. We couldn’t do it without you. Well, we could, but nobody would know. Now that you’re part of the family, drop us a line at editor@innovateli.com and tell us what you think. Story tips and calendar suggestions thrill us beyond words. Spring break: It’s April 4 out there and…


The case of the $2M (and counting) stay-home dad

By GREGORY ZELLER // Philip Smith follows plenty of leads. It makes sense the Port Jefferson native and lifelong Suffolk County resident would land in the lead-generation business. Smith is a true entrepreneurial detective, more apt to study a problem than to charge ahead, always picking up clues to unravel the bigger mystery. It’s evident throughout his tactical business career. After earning an online degree from the University of Phoenix, the then-23-year-old started his first…


Investors buying in as FalconStor hatches risky plan

By GREGORY ZELLER // Investors are doubling down on a Melville software company with a tarnished financial record and a sterling data-storage product. Texas-based private equity firm ESW Capital LLC has purchased nearly 1.4 million additional shares of FalconStor Software, according to a U.S. Securities and Exchange Commission filing disclosed Monday. The transaction, which closed Aug. 23, was made at 37 cents per share, for a total value of $511,667.08. The deal gives ESW Capital…