Wave Reduces Q3 Net Loss with Lower Expenses on Revenues of $6.3M; Q3 Total Billings of $7.1M Exceed Q2 and Year Ago Q3 Levels
LEE, MA — (Marketwired) — 11/07/13 — Wave Systems Corp. (NASDAQ: WAVX) today reported financial results for its third quarter ended September 30, 2013 (Q3 -13). Wave also reviewed recent management team appointments that are initial steps in a strategic refocusing of the company under who was appointed acting CEO following the close of the third quarter.Wave-s Q3 -13 total net revenues decreased 10% to $6.3 million from $7.0 million in Q3 -12 and by 6% from $6.7 million in Q2 -13. The year-