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  • motownmike Feb 28, 2013 5:17 PM Flag

    Losing more money - flat guidance

    Compared to last year 4th quarter they lost $20.8 mill from operations versus $6.4 mill from operations. Add back amortization of intangibles (kind of fair) and they broke even and last year 4th quarter had pre-tax oeprating profit of around $13 million. Once you weave through the BS, you see that next year's guaidance after adjsuting for weird taxes and amortization of intangibles is a pre-tax operating loss of around $5 million versus 22 million los this year and a profit the year before.

    They pay people with stock instead of cash. That doesn't make them profitable. And the stock compensation has been more expensive than listed.

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