beat Wall Street's second-quarter estimate, posting a loss of $6.6 million, or 12 cents a share, compared with a loss of $3.5 million, or 7 cents a share, in the year-ago quarter. Analysts were expecting a second-quarter loss of 14 cents a share, according to Thomson Financial/First Call.
Revenue for the quarter was $800,000, flat with the year-ago quarter.
The company also offered third-quarter guidance, saying it expects a net loss of $7 million to $8 million on revenue of $750,000. For the full fiscal year, the company still expects to post a loss in the range of $30 million to $32 million.