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Biotech / Medical : OCGT again

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To: Jack Ucci who wrote (116)11/14/1997 9:35:00 AM
From: Stock Puppy   of 283
 
10QSB out yesterday.
NOt wonderful, but not terrible. 3 month loss went from .12 to .06
(6 month? didn't see it...)

sec.yahoo.com
sec.gov

Excerpts follow:

Total revenues increased $42,071 (3months)
Cost of sales decreased by $2,435
Sales OCGT = $0
PSI= $1,884
MIS= $206,715

Although the net loss from operations for the three months ended September30, 1997 was $326,989 most of the loss resulted from non-cash charges of $193,928, which accounted for 59% of the total loss from
operations.

.....................................................Year Ended June 30,
---------------------
.....................................................1997.........1996

REVENUES:
Net sales of third party software
and support services..........................$ 793,549..........$ 723,964
Net sales of medical products................. 3,861......... 6,068
Fees charged to medical providers......... 45,405........ 15,974
------------ ------------
TOTAL REVENUES.........................842,815......... 746,006

COSTS AND EXPENSES:
Cost of sales...........................................405,692.........328,560
Marketing, general and administrative ..1,172,908........2,152,757
Depreciation and amortization ..............748,220 ..........732,194
Interest - net ............................................(2,042).......... 1,247
------------ ------------
TOTAL COSTS AND EXPENSES ........2,324,778 .........3,214,758
------------ ------------
NET LOSS ..................................... $ (1,481,963)......$ (2,468,752)
============ ============
NET LOSS PER COMMON SHARE.........$ (.06)..........$ (.12)
============ ============
WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING ................... 23,716,575..........21,226,848
============ ============
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