FCM, interesting:
Monday November 15, 9:32 pm Eastern Time
Company Press Release
Franklin Telecom Reports First-Quarter
Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 15, 1999-- Franklin Telecom (AMEX:FCM - news)
today announced the results for the quarter ended Sept. 30, 1999.
Net sales decreased by $158,000, or 17 percent, from $933,000 in the three months ended Sept. 30, 1998, to $775,000 in the three months ended Sept. 30, 1999. This quarter had a loss of $3,035,000, as compared with a loss of $1,165,000 for the same quarter last year.
Almost half of the loss this quarter was attributable to a one-time bad-debt reserve for a single customer. The loss per share was 12 cents for the quarter ended Sept. 30, 1999, as compared with a loss per share of 6 cents for the same quarter last year.
Single customer, not paying its bills? USAT? |
