WASHINGTON (dpa-AFX) - Openwave Systems Inc. (OPWV), a software innovator, reported a second-quarter net loss of $10.4 million or $0.12 per share, wider than the net loss of $4.5 million or $0.05 per share in the prior-year quarter. Adjusted loss for the quarter, excluding impairments and one-time expenses, was $5.0 million or $0.06 per share, compared to loss of $2.7 million or $0.03 per share last year. On average, 6 analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude one-time items. Total revenues for the quarter declined to $35.9 million from last year's $39.9 million. Analysts expected revenues of $32.19 million for the quarter. Mike Mulica, CEO of Openwave, said, 'As previewed a quarter ago, we undertook a strategic review of our products business and subsequently executed a set of activities, including establishing three business units and improving bookings execution. As a result, we believe our mediation and messaging business units are now optimized for a potential sale.' Openwave shares closed Wednesday's trading session at $2.09 per share on the Nasdaq. The stock is currently trading up 0.48 percent or $0.01.
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