Andrea Electronics (AND) Message Board

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Technology Stocks : Andrea Electronics (AND)

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To: IngotWeTrust who wrote (1253)	5/17/1998 11:11:00 PM
From: phbolton	Read Replies (1) of 1356

"Sales for the 1998 First Quarter were $4,475,070, a decrease of 17% over the three months ended March 31, 1997 (the "1997 First Quarter"). This decrease in sales primarily reflects a decline in unit sales and to a lesser extent price erosion." from the 10-Q, other "good" news was "Net cash (used in) provided by operating activities (1,757,128)" that is, the cash flow from operations was -$1.7 mil for the quarter the only things keeping the wolf away were "conversion of debt to common stock" for about $1.4 mil and selling the building for $1.8 mil, neither of these actions can be repeated

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