When in doubt check out the latest SEC filing:
Revenues................................ $42,544,000 $25,497,000 $2,093,000
Costs and expenses:
Salaries and benefits................. 29,368,000 15,894,000 1,322,000
Office and general.................... 14,729,000 9,038,000 712,000
Amortization of goodwill.............. 1,768,000 1,666,000 --
Operating losses of True North Units
Held for Transfer.................... 13,000 2,180,000 1,309,000
----------- ----------- ----------
Total costs and expenses............ 45,878,000 28,778,000 3,343,000
Operating loss.......................... (3,334,000) (3,281,000) (1,250,000)
Interest income (expense), net.......... 29,000 (76,000) --
----------- ----------- ----------
Loss before income taxes................ (3,305,000) (3,357,000) (1,250,000)
Benefit for income taxes................ (102,000) (248,000) (548,000)
----------- ----------- ----------
Net loss................................ $(3,203,000) $(3,109,000) $ (702,000)
=========== =========== ==========
Basic and diluted net loss per share.... $ (0.43) $ (0.43) $ (35.10)
=========== =========== ==========
Basic and diluted weighted-average
number of common shares outstanding.... 7,465,000 7,260,000 20,000
=========== =========== ==========
MMPT is doing well but not bringing in enough yet to cover all its overhead and labor costs.
The margins certainly need to improve. Give them time. |
