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Technology Stocks : ASD Systems, Inc. (ASDS) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Plummer who wrote (461)	2/15/2000 6:53:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 491

investing.lycos.com ASD Systems Announces Fourth Quarter and Fiscal 1999 Financial Results; Revenues Increase 44% for the Quarter and 54% for the Year; Non-Recurring and Non-Cash Items Affect Bottom Line Performance Further, the Company noted that the fourth quarter and full year results were impacted by a non-recurring charge of approximately $1.5 million or ($0.09) and ($0.13) per share, respectively, which was written off as bad debt expense and costs related to a tentative settlement with a former client. Absent this charge and the non-recurring, non-cash charges related to the Company's preferred stock which was fully redeemed in November 1999, the net loss for the quarter would have been approximately $2.0 million or ($0.13) per share while the full year net loss would have totaled approximately $7.3 million or ($0.64) per share