>>> Is it going out of business?
Not according to their recent PRs, they are not... Their new corporate strategy promises more growth for 1999:
Revenues for the three months ended July 31, 1998, increased 54 percent to $3,006,513, compared to total revenue of $1,951,234 for the same period in 1997. Net loss for the fourth-quarter was $5,137,777, or $.44 per share, compared to $6,587,881 or $.66 per share for the same period in 1997. Revenue for the year ended July 31, 1998, increased 153 percent to $8,836,685 from revenue of $3,483,140 for the year ended July 31, 1997. Net loss was $16,525,123, or $1.48 per share, for the year ended July 31, 1998, compared to a net loss of $20,651,273, or $2.48 per share, for the year ended July 31, 1997.
During the fourth quarter, the company began a dramatic transformation, whose results were evidenced in the recent agreements with CompUSA and ExecuTrain. Prosoft has teamed with these training companies who will market and host the company's classes in almost 500 sites worldwide. Under the new arrangement, if the company were to execute only one three-day class per month in each of these training companies' U.S. sites, Prosoft would receive $26 million in revenue over a 12-month period. Initial orders from pilot stores track well against this example.
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biz.yahoo.com
When their revenue for the same period was under $2M in 1997, this stock was trading at $10..15! Now their are anticipating $26M in revenues over the next 12 months (which would roughly indicate $6M per quarter), and the stock is under $2! This is really a shame...
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