Forecross Corporation Announces Third Quarter Results
MONDAY, AUGUST 16, 1999 5:59 PM
Operating results (in U.S. dollars) for the three and nine
months ended June 30 include:
Three Months Three Months
Ended Ended
June 30, 1999 June 30, 1998
Revenues $ 903,123 $ 2,270,675
Cost of Revenues 559,683 1,073,105
Operating Expenses 735,779 1,398,483
Income (Loss) from Operations (392,339) (200,913)
Other (Expense) (150,405) (118,292)
Net Income (Loss) (542,744) (319,205)
Net Income (Loss) per share $ (0.04) $ (0.03)
Nine Months Nine Months
Ended Ended
June 30, 1999 June 30, 1998
Revenues $ 2,623,656 $ 5,656,094
Cost of Revenues 1,899,400 3,342,490
Operating Expenses 2,204,624 3,754,898
Income (Loss) from Operations (1,480,368) (1,441,294)
Other (Expense) (398,188) (217,869)
Net Income (Loss) (1,878,556) (1,659,163)
Net Income (Loss) per share $ (0.16) $ (0.14)
Year 2000 revenues were $856,136 versus $690,993 in the
third and second quarter of fiscal 1999, respectively.
Migration services revenues in the third quarter (6/30/99)
were $46,987 versus second quarter (3/31/99) of $269,625. |
