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To: Mr. Jens Tingleff who wrote (467)8/30/1999 7:56:00 AM
From: Gator  Read Replies (1) | Respond to of 563
 
Not such a great quarter.

4th quarter revenues were $1.2 million, down significantly from the $2 million/quarter they were averaging during the first three quarters. Net income for fourth quarter was only $9,000, while they totaled $1.15 million in net income the first three quarters. I was told several months ago that the fourth quarter was supposed to be seasonally one of the stronger quarters (with vacationers hopefully buying more tickets). Staying profitable was nice, but I'm disappointed with the numbers. Was expecting $2 million revenues and $0.04-$0.05/share in earnings for the 4th quarter. CEO had led us to believe that the remaining quarters in 1999 would be consistent with the first couple of quarters. Doesn't appear to be the case. Looking forward to an explanation today if they come out with one.

Gator