<..released their earnings...>
The details (CC tomorrow):
e-Net Inc. - Germantown, Md.
2nd Quar Sept. 30:
1997 1996
Sales $126,000 $144,000
Net income (701,000) (203,000)
Avg shrs 5,570,000 4,000,000
Shr earns
Net income (.12) (.05)
6 Months Sept. 30:
1997 1996
Sales $214,000 $324,000
Net income (1,289,000) (6,106,000)
Avg shrs 5,668,000 3,959,000
Shr earns
Net income (.23) (1.54)
Figures in parentheses are losses.
The company went public in April.
e-Net Inc. (ETEL) said its second-quarter loss widened due primarily
to research and development costs, which rose to $240,000 in the
second quarter from $54,000 a year ago; and also due to sales, general
and administrative costs which rose from $175,000 to $534,000.
The company develops Internet-related software. |
