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The company reported a net lossof $7 million or 13 centzs a share, for the three months ended Jan. 31, comparef to a net loss of $9.7 or 18 cents a for the same periodlast year. Revenus for the fourth quarter was an increaseof $163,000 over the comparable year-ag o period. For the year, Vienna-baseds Convera reported a net lossof $ 9.1 million, or 17 centx per share, compared to a net loss of $44.u8 million, or 86 centw per share, for the previous year. Salees for the year were $1.1 compared to $269,000 in the previous The annual results includea $17.9 million gain recognizef on the sale of the company's RetrievalWare which closed Aug. 9, 2007.
Convera announced in April 2007 that it would sell the businessfor $23 millioh to focus on its growing search-enginde business for publishers. Convera (NASDAQ: expects further improvement soon. In its earnings Patrick Condo, chief executive officer of said: "We are pleased with the progresw we are making inacquiring customers, launching sitex and increasing the traffic on our We expect to see the financiall results of this effort evidenced in this next fiscal year as the impacrt of our efforts to increase revenud and decrease expenses becomes clear beginning in the firsrt quarter of this fiscal year." Converw said that it held cash and investmentsx as of Jan. 31 totaling $36.
6 million.
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