Labwire was incorporated on October 8, 2004, but has only recently begun to generate meaningful revenue.
Because of our limited operating history, we do not have significant historical financial information on which to base planned revenues and operating expenses.
For the nine months ended September 30, 2008 and the years ended December 31, 2007, 2006 and 2005, respectively, gross revenues were approximately $3,168,726, $4,799,631, $3,701,742 and $2,665,364, respectively and the net income (loss) was $145,367, $345,679, $(500,981) and $267,876, respectively.
We expect to experience fluctuations in future quarterly and annual operating results that may be caused by many factors, including:
— our ability to achieve significant sales for our products and services;
— the cost of technology, software and other costs associated with production and distribution;
— the size and rate of growth of the market for Internet products and online content and services;
— the potential introduction by others of products that are competitive with our products; and
— the general economic conditions in the United States and worldwide.
In view of the foregoing, our results of operations and projections of future operating results are not necessarily meaningful and should not be relied upon as an indication of future performance.
10-12G/A 2008-12-23
sec.gov |
