Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (8592)	5/2/2001 4:12:39 PM
From: Quiveringtrader	Read Replies (2) of 13094

GMGC: I don't know what the projections were, but here are the results... Revenue for the first quarter ended March 31, 2001, was $1.2 million, compared to $2.6 million in the first quarter of 2000. The Company incurred a net loss of $7.2 million, or $0.11 per diluted share, in the first quarter of 2001, an improvement compared to a net loss of $12.2 million or $0.26 per diluted share, in the first quarter of 2000. The net loss for the first quarter of 2001 included a $133 thousand non-cash adjustment to accumulated deficit related to dividends on preferred stock and favorable redemption rights on warrants for Series H preferred stock, compared to a $148 thousand adjustment related to dividends on preferred stock during the same period of 2000.

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