LynuxWorks Reports Positive Cash Flow and Sequential Quarterly Growth: LynuxWorks Raises Four Million Dollars in Bridge Funding

6/3/2002 - LynuxWorks™, the technology leader in the embedded software solutions market, today reported sequential quarter-over-quarter revenue growth for Q3 fiscal year 2002 and Q4 fiscal year 2002 (ending April 30, 2002). The company attributed the growth to increased activity in the military/aerospace markets and a solid business model. LynuxWorks also reported that recent restructuring and revenue growth has enabled the company to become cash-flow positive. The company also announced it has raised $4 million in bridge funding and is in negotiations with venture companies for additional funding. The additional funds will be used to take advantage of upcoming opportunities in various vertical market segments.

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