Despite a pretty successful launch, Palms Pre arrived too late to pull the company out of the red. The Sunnyvale-based company posted its fourth quarter fiscal earnings yesterday, reporting a net loss of $105 million or $.78 per diluted share. This continues an unfortunate trend for the company, which saw a $43.4 million loss in the year ago quarter.
Palm shies away from any in-depth figures regarding the Pre, but it does claim to have collectively shipped 351,000 smartphones during the fourth fiscal quarter. This is up 6% from the third quarter, and a year over year decline in shipments of 62%. The companys total revenue for the 2009 fiscal year was $86.8 million, with a gross profit of $20.1 million and a gross margin of 23.1%.
Palms chairman and CEO, Jon Rubinstein, sees the launch of webOS and Pre as a significant milestone, one that has reentered the company into the race. He recognizes that there is more to accomplish, but feels that the groundwork is laid for a very promising future.