AXS-One announces $1.3-$1.5 million in license revenue for 3Q2008

Former high flier, AXS-One (OTC BB: AXSO), announced 3rd quarter results with new license revenues representing $1.3-$1.5 million for the third quarter. We’re still waiting for their revenues and net income numbers so we can compare them with past performance. Over the past year, AXS-One has reduced their losses relative to income. Revenues and net income for the last year are as follows:

Discussion on AXS-One is available at InvestorVillage. Recent posts there and on Yahoo! Finance have not been positive and some are looking for AXS-One to file for bankruptcy.

Notably, they announced their first contract for their Dynamic Data Migrator product which they announced back in June of this year.