Microforum's 9mo results
Microforum Inc MCF
Shares issued 17,237,000 Jan 28 close $1.90
Fri 29 Jan 99 News Release
Mr. Howard Pearl reports
Microforum had revenues of $9,059,212, an increase of $7,812,719 for its
third quarter ending Nov. 30, 1998, compared to revenues of $1,246,503 for
the same period of the previous year.
FINANCIAL HIGHIGHTS
Three months ended Nov. 30
1998 1997
Revenue, from
continuing
operations $9,059,212 $1,246,503
Net loss $3,082,568 $195,696
Loss per share 18 cents 3 cents
FINANCIAL HIGHLIGHTS
Nine months ended Nov. 30
1998 1997
Revenue, from
continuing
operations $22,374,449 $3,910,910
Net loss $3,390,257 $3,786,083
Loss per share 20 cents 63 cents
The 1998 results includes results of operations of the PPL Group acquired
by the company in April 1998
The third quarter financials include non-recurring expenses of
approximately $2.1-million, which includes costs associated with the
acquisition of PPL Marketing Services Inc. and other restructuring
expenses. Results for the company's fourth quarter are expected to reflect
the positive impact of the company's acquisition of the PPL Group,
restructured and focused operations and the favourable impact of the
company's generation of $2.8-million in cash from the sale of Gamesmania
and issuance of special warrants and common shares.
During the quarter, Microforum announced the signing of new business with
Rapp Collins Communicaide (RCC), a division of Omnicom Canada, Paw.Net and
others.
WARNING: The company relies on litigation protection for "forward-looking"
statements. |
