Now, now, now be nice. You picked up on that also. AERN reported a net loss of $2,169,000 or .09 cents per share for the 4th qtr. of 1997.
For the year it had a net loss of $8,766,000 or 36 cents/shr. vs. $7,559,000 or 33 cents/shr. for 1996.
Part I don't get is the company recognized $108,000 in net revenues for the year ended 12-31-97 vs. $23,000 for the year ended 12-31-96. Suppose this is from interest on the 10 mill. a/o royalties?
Anyways as of 12-31-97 AERN has cash and cash equivalents of $10.2 million divided by losses ave. $2,169,000 equals 4.7026279 quarters of cash left. 3 months/qtr. times 4.7026279 equals 14.107883 months of survival.
So there Chris you exaggerate!! We have plenty of time. Just like they said on the TITANIC!!
It sure woud be nice if they would slash general and administrative expenses and allocate more $ to MARKETING!! Like let's fire all the dead wood starting from the top down!!!!!!!!
Regards,
Al |
