To: Stock Watcher who wrote (12111 ) 7/14/1999 3:45:00 AM From: flickerful Read Replies (1) | Respond to
CTIG...still waiting for 10k, but see below:The 96% increase in revenue is primarily attributable to the inclusion of one full year of operational activity of the acquired operations of Databit Ltd. in the United Kingdom for 1999 compared to two months of operational activity in 1998. Net loss for the year ended March 31, 1999 amounted to $414,843 or $0.06 per share compared to $1,727,821 or $0.27 per share for the prior period. The reduction in net loss is primarily the result of improvements in operational efficiencies. positive cash flow of $396,679 from operations for the year which helped cash and cash equivalents to increase from $628,329 to $776,146 as of March 31, 1999. elimination of the Siemens' promissory note. Furthermore, the continued higher level of orders being received should translate to a profitable start to our new fiscal year 2000."
