SOROS, So does CONV losses bother you?
Curious.
This has has good revenue jumps.
EPS losses not increasing as fast rate of rise for revs.
Looks like a potential winner.
Need some more DD on it by Thursday.
Jack
Three months ended Nine months ended
September 30, September 30,
------------------------------- -------------------------------
1998 1999 1998 1999
------------ ------------- ------------ -------------
(unaudited)
<S> <C> <C> <C> <C>
Data and voice service revenue.........................$ 10,724,742 $ 17,565,374 $ 14,954,360 $ 49,549,395
Data and voice product revenue......................... 11,591,660 24,856,140 21,866,745 62,634,023
------------ ------------- ------------ -------------
Total revenue........................................ 22,316,402 42,421,514 36,821,105 112,183,418
Cost of sales excluding depreciation................... 14,717,364 26,977,273 25,287,038 71,433,664
Selling, general and administrative.................... 15,506,655 31,927,075 29,279,065 82,675,523
Depreciation and amortization.......................... 2,646,215 4,871,757 4,599,367 11,842,179
------------ ------------- ------------ -------------
Total operating expenses............................. 32,870,234 63,776,105 59,165,470 165,951,366
Operating loss....................................... (10,553,832) (21,354,591) (22,344,365) (53,767,948)
Interest expense..................................... (5,868,531) (6,881,195) (11,751,121) (18,967,217)
Interest income...................................... 1,144,892 1,775,771 2,525,288 3,496,898
Other income (expense), net.......................... (78,009) 101,779 (64,669) (208,937)
------------ ------------- ------------ -------------
Net loss............................................... (15,355,480) (26,358,236) (31,634,867) (69,447,204)
Other comprehensive income, unrealized holding
gains on securities................................. 661,407 43,701 953,715 66,124
Comprehensive loss...................................$(14,694,073) $ (26,314,535) $ (30,681,152) $ (69,381,080)
============ ============= ============= =============
Net loss per share:
Net loss per share (basic and diluted)...............$ (1.11) $ (1.06) $ (2.31) $ (3.92)
Weighted average number of shares outstanding
(basic and diluted)................................. 13,869,405 24,775,455 13,667,608 17,696,792
============ ============ ============= ============= |
