Mark or anyone..
It appears to me Plc missed earnings?
This is from Zacks online...
Consensus Estimate for
Current Quarter $ -0.17 per share
company reporting -.28cents for the quarter..
Also Revenues down over a Million dollars year over year..and expenses up. Company saying this is due to a decrease in Heart laser sales and the majority being sold thru distributors, which are carrying a lower sales price.
I can see the expenses being up..but the revenues down and these comments concern me.
I've been a PLC optimist..but I'm having trouble finding positives in this part of the companys press release.
FRANKLIN, Mass., Feb. 25 /PRNewswire/ -- PLC Systems Inc. (Amex: PLC) today
announced financial results for the fourth quarter and year ended December 31, 1997.
Financials:
Total revenues for the fourth quarter ended December 31, 1997 were $2,046,000 as compared
to revenues of $3,120,000 for the corresponding quarter in 1996. The net loss for the quarter
ended December 31, 1997 was $5,123,000, or $0.28 per share, compared with a net loss of
$1,351,000, or $0.08 per share for the fourth quarter of 1996.
Total revenues for the year ended December 31, 1997 were $8,941,000 compared to revenues
of $11,872,000 for the corresponding year ended 1996. The difference in revenues is due to a
decrease in Heart Laser System sales, the majority of which were completed through distributors
which carry a lower selling price.
Any comments appreciated..
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