August 8, 2022
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QAD misses revenue estimates but shrinks net loss

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First quarter revenue dipped at Summerland software producer QAD but net losses slimmed as it continued its transition from licensing revenue to recurring subscriptions.¬† Revenue of $74.1 million missed analyst estimates, but net loss shrank year-over year from $3.2 million in the previous first quarter to $410,000 for the quarter ended April 30, in line…

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