Systemax

Westbound Falconstor erases 4Q, fiscal year losses

  FALCONSTOR SOFTWARE INC. Headquarters: Austin, Texas Industry: Software OTC: FALC Reporting Date: March 22, 2018 Reporting Quarter: 4Q FY2017 Quarter Ended: Dec. 31, 2017 Numbers: Total revenues for the three months ended Dec. 31, 2017, were reported as $6.3 million, a 14.8 percent decrease from the $7.4 million reported for the same quarter last fiscal year. Net GAAP operating income was reported as $1.4 million, turning around a $1.2 million loss reported for 4Q…


No. 286: ‘King Kong’ lives, Janam Tech muscles up and Sammy Chu bites off more than … actually, he can definitely handle it

Welcome to Friday: You’ve done it again, readers and friends – another week of socioeconomic progress in the books, another weekend earned. It was also a Friday, 56 years ago tonight, on March 2, 1962, when Wilt “The Stilt” Chamberlain set the NBA’s unassailable single-game scoring record, pouring in a phenomenal 100 points for the Philadelphia Warriors in a 169-147 win over the New York Knicks. And that’s without the Nike endorsement: Speaking of record-setting…


No. 255: Good boardrooms, better breast surgeries, best way to drink Scotch

That’s a wrap: It’s Friday, friends, and the end of another busy week for the Long Island innovation economy. Welcome new readers Betty, Beth and Elizabeth – we assume that’s three people – and please remember to tell your friends all about us. Please also jeer us, revere us and otherwise keep us in the loop at editor@innovateli.com. Remember, it’s your innovation economy – we just chronicle it. Those were the days: It’s Nov. 3,…


Systemax spins positives after 3Q dip

Despite impressive gains by its Industrial Products Group – including the group’s 27th consecutive quarter posting revenue growth and a nearly 10 percent increase in its sales force –Systemax Inc. swung to a third-quarter loss. Reporting Monday on its FY2016 third quarter, the Port Washington-based supplier of brand-name and private-label computers and other consumer electronics – largely through e-commerce platforms – reported net sales of $414.8 million, a 2 percent drop from the $423.3 million…