So, will this current quarter (June-Sept) be the first to show a profit?
Using the Dec, 04 numbers as a comparator, it looks possible.
Since they cut back significantly on R&D, and some on S,G,&A, they might actually break even or show a small profit.
This assumes that they meet or exceed their 4 million or better projection for the quarter and the margins remain comparable.
The operating P/L was only a negative $575,000 and the cutback in R&D staff, alone, might have eliminated that loss.
But, first things first, the 3rd Qtr report should be out shortly, and we'll see what they have to say about that and also the future, if anything.
Only two months until the end of this current quarter and fiscal year, which is already a revenue record year for ATCO.
For the three
months ended
December 31,
---------------
2004
Revenues: ------ ------
Product sales $4,347
Contract and license 62
------ ------
Total revenues 4,409
Cost of revenues 1,528
------ ------
Gross profit 2,881
------ ------
Operating expenses:
S, G, & A 1,995
Research and dev 1,461
------ ------
Total operating exp 3,456
------ ------
Loss from operations
(575)
------ ------
Other income (expense):
Interest income (expense) (2)
Unrealized loss on changes in value of warrant
liability (950)
------ ------
Total other income (exp) (952)
------ ------
Net loss (1,527)
Dividend requirements on convertible preferred stock 278
------ ------
Net loss available to common stockholders $(1,805)
------ ------
Net loss per share of common stock -- basic and
diluted $(0.09) |
