FONX dismal quarterly results:
"The Company reported operating results for the third quarter ending September 30, 1998 and the first nine months of 1998. Total revenue for the quarter was $199,017 and $2,671,302 for the nine-month period. The company had no revenue in the first three quarters of 1997.
"Excluding one-time charges taken in the quarter for in-process product development and research related to the acquisition of Articulate Systems, Inc., and related to renegotiating the reset provisions of the acquisition funding instruments, the company showed a loss for the quarter of approximately $7,550,000 compared to a loss of approximately $5,250,000 for the same period last year. On a per share basis, preceding the one-time charges referenced above, the loss was $0.19 for the quarter compared with a loss of $0.18 for the same period last year."
biz.yahoo.com
Yes, I am short FONX.
Pravda |
