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Microcap & Penny Stocks : ABTX - Agribiotech
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To: Anaxagoras who wrote (7973)5/13/1999 4:38:00 PM
From: drakes353  Read Replies (1) of 8359
 
I have not seen the full release yet but a big chunk of the loss was from a one-time charge. Problem is that ABTX management had said they would be break-even over the last six months of their fiscal year, can't see how that's going to happen since the March quarter was supposed to be the "strong" one.

<edit> OK, just read the release. Guess they are looking for expense saves in Q4 to push them into profitable territory, won't take much since they only lost around $300K without the charge.
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