1. Altair reports Q2 results: Revenues $500K; Gross loss $620K

    Altair reports Q2 results: Revenues $500K; Gross loss $620K

    Altair reported revenues of $0.5 million for the second quarter, essentially flat compared to the same period in 2011. The gross loss was $620,000 reflecting an increase of $399,000 in inventory reserves. Operating expenses increased to $4.4 million primarily due to investments in research and development, compared to $3.8 million for the same quarter in 2011.

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