I can see why GBIX waited until the bell on friday of a three day weekend to release these earnings. They are probably hoping everyone forgets them when the bell rings on Tuesday. I doubt it. This is going back into the low teens fast. Maybe a buy if it gets really low like the single digits.
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NEW YORK, Feb 12 (Reuters) -
Three Months Ended
December 31,
1998 1997
Revenues $ 5,928,650 $ 4,739,567
Costs and expenses:
Cost of revenues 3,702,175 3,113,899
Selling, general and administrative 5,565,542 1,609,438
Depreciation and amortization 506,699 241,860
Total costs and expenses 9,774,416 4,965,197
Loss from operations (3,845,766) (225,630)
Interest and financing expenses, net
of interest income of $944,497 in 1998
and $7,426 in 1997 (3,973,104) (55,984)
Loss before taxes (7,818,870) (281,614)
Provision for taxes -- --
Net loss (7,818,870) (281,614)
Basic and diluted loss per share ( 1.89) ( 0.08) |
