Have you seen this? Possible cause of selloff? Check the last line:
aolpf.marketwatch.com
By Michael Baron CBS MarketWatch
Last Update: 10:19 AM ET Nov 16, 2000:
NewsWatch
Indications
ADR Report
Thursday, November 16, 2000
-- 11/16/2000 10:20:00 AM SRGL updates cash position
SurgiLight (sgrl: news, chart) shares are flat after the Orlando, Fla., firm reported
third-quarter earnings of $386,000, which excludes a facility depreciation charge. Including
the charge, SurgiLight earned $252,000, or 1 cent a share, for the quarter, up from last
year's profit of $95,000, or 1 cent a share. Revenue rose 24 percent in the latest three
months to $1.3 million from $1 million in the same period a year earlier. The company said
it anticipates that its current cash, cash equivalents, as well as anticipated cash flows from
operations and additional capital contributions from private placements, will be sufficient to
meet its working capital and capital equipment needs at least through the next 12-18
months. The shares are unchanged at $7.12. (An earlier item used the incorrect ticker
symbol of Sunrise Technologies SNRS) |
