Revenue Jumps 646%, Company Notes Developing Contribution From All
Library Subsidiaries
POMPANO BEACH, Fla., May 18 /PRNewswire/ -- Visual Data Corporation (Nasdaq: VDAT - news) today reported unaudited financial results for the second quarter and six months ended March 31, 1998.
For the second quarter ended March 31, 1998, Visual Data reported record revenue of $383,285, an increase of 646% from revenue of $51,386 during the second quarter of fiscal 1997. The Company incurred a net loss of $543,287, or $0.18 per share during the fiscal 1998 second quarter, compared to a net loss of $342,883, or $0.20 per share, during the fiscal 1997 second quarter.
Thats quite a revenue jump Gary...no movement on the stock...what's the real story with this one?
chris |
