The Company's revenue decreased during the quarter as compared to the same quarter in the prior year. Specifically, for the quarter ended June 30, 2008 the sales were $4.0 million as compared with the sales of $4.2 million for the same quarter of last year, a decrease of approximately 5%.
FortuNet announced estimates for Q4 2007 revenue and FY 2007 revenue to be $3.6-$3.8 million and $16.4-$16.6 million, respectively. These were below the estimates of analsts who expected the numbers to be closer to $4.5 million and $17.3 million.