Second attempt to post the amended 8K figures concerning Epocrates acquisition
They spent just under $300 million. What did they get? These figures are from their own just amended 8-K with the SEC.
2010 $104 million
2011 $113 million
2013 $111 million
hardly nipple hardening...
Actual real GAAP net profits or losses (not before bad stuff)
2010 $3.8 million profit
2011 $3.6 million LOSS
2012 $3.4 million LOSS
still waiting for a bracing cool wind...
Current assets $112 million
IPO at end of 2010 $64 million which was the net.
$20 million was expenses for the IPO. Shareholders paid over $80 million of which only $64 million went to the company. Love that Wall Street. They should be PI lawyers.
The reason for the acquisition is they need a story. Stories is what nickel rockets depend on when they cannot depend on profits. Every story stock comes with a bad ending because people pay too much for stories and not enough for earnings.
the idea that the large funds that have invested in Athena have a clue as to what they have invested in is absurd. If I have to listen to one more pundit wax eloquent about "the cloud" I will vomit. They will not understand what a cloud is until they are caught without a jacket or an umbrella.