The Company reported a net loss of $1,884,500 or ($.04) per share on revenues of $4,738,500 compared to a loss of $1,921,700 or ($.08) per share on revenues of $723,000 for the same period in 1996.
So this period operating expenses, costs, salaries, etc. were $6,623,000 and the same costs were only $2,644,700 for the same period in 1996. Is Victor costing the extra $4 mil in expenses, or is it the Quadrax materials. This seems like a huge increase in costs to me. They sure can burn up the money...
24 million shares, .08 loss per share in 1996.
47 million shares, .04 loss per share in 1997.
Double the shares, half the loss per share. This company hasn't improved at all. |
