Issaquah, WA. Midisoft Corporation has reported financial results for the third quarter of its fiscal year, ending September 30, 1996, showing that revenues increased 136% over the previous quarter (from $491,000 to $1,234,000 US).
Midisoft’s President and CEO, Larry Foster, credits the introduction of four new products for the growth in revenue: Sound Bar™, PlayPiano™ 2.0, MIDI Kit™ 3.0, and Family Music Center™. “The unique capabilities of the Sound Bar to simply, powerfully and inexpensively control PC audio and send audio messages over the Internet has attracted media, retailer and OEM attention. We are now aggressively marketing Sound Bar for integration into OEM products.”
In spite of the increased revenue, Midisoft incurred a net loss for the third quarter of $868,000 (US). This was a marked improvement over the third quarter of 1995 when Midisoft reported losses of $5,512,000 (US).
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