CAI Wireless 3Q Net Inc/Sh $(1.10) Vs $(0.60)
Federal Filings 10Ks and 10Qs via Dow Jones
FORM 10Q PERIOD ENDED: 12/31/97
SEC RCVD DATE: 02/20/98
ISSUER: CAI WIRELESS SYSTEMS INC.
SYMBOL: CAWS
WASHINGTON (FFBN) -- The following table sets forth the most
recent operating results for CAI Wireless Systems Inc.:
Three Months Ended
December 31,
------------------
1997 1996
----------- -----------
Revenues $ 6,591,341 $ 9,249,978
Costs and expenses
Programming and licensing 3,702,771 4,129,802
Marketing 376,679 564,717
General and administrative 7,966,799 7,882,671
Depreciation and amortization 10,245,751 8,179,198
Operating loss (15,700,659) (11,506,410)
Other income (expense)
Interest expense (17,198,770) (10,012,060)
Equity in losses of affiliates (9,378,008) (5,200,000)
Interest and other income 1,351,399 1,202,680
Loss before income tax
benefit (40,926,038) (25,515,790)
Income tax benefit - 4,500,000
Net loss (40,926,038) (21,015,790)
Preferred stock dividends (3,850,594) (3,306,003)
Loss applicable to common
stockholders $ (44,776,632) $ (24,321,793)
Loss per common share $ (1.10) $ (0.60)
Average common and equivalent
shares outstanding 40,540,539 40,464,356
/FEDERAL FILINGS CONTACTS: (202) 393-7856 FOR EDITORIAL,
(800) 487-6162 FOR DOCUMENT SALES,
(202) 628-8990 FOR NEWSWIRE SALES,
(888) FED-FILE FOR TECHNICAL SUPPORT,
& fedfil.com //
(END) FEDERAL FILINGS-DOW JONES NEWS 02-20-98
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