ANCR Files 10K-405:
freeedgar.com
I hope that link works. This is a very up to date document. A couple of interesting items that help to fill in some information gaps:
"The Company's FCS(TM) 266 switch completed in 1993, its FCS(TM) 1062, completed in 1995, and its MKII switch completed in 1997, have been shipped to over 89 customers. Net sales of these switches accounted for approximately $4.2 million of revenue in 1997, $4.2 million of revenue in 1996, and $2.0 million of revenue in 1995."
"As of March 20, 1998, the Company had 70 full time employees and 2 part time employees, including 35 in engineering and product development, 21 in sales and marketing, 6 in manufacturing and 10 in general administration and finance."
"To meet its increasing space requirements, the Company is in the process of negotiating new lease space, which it plans to occupy in early 1999."
"On March 16, 1998 the Company filed its motion to dismiss the amended complaint."
"As of March 28, 1998, the Company had incurred approximately $67,000 in legal expenses related to the suit."
Craig |
