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Comstock Holding Companies, Inc. Message Board

  • sphinfan sphinfan Mar 31, 2012 8:28 AM Flag

    4th qtr earnings out

    Another quarterly loss $2.7M for the 4th qtr and for the year made $1.1M with a $9M legal settlement. The company is just not profitable. Eclipse and Pembroke projects lost money overall. Their construction business has not made money in 5 years. Revenue from all construction in 2011 was $14M and cost to build was $12M. When you add salaries and selling expenses they lost $8.1M. So their core business generated an 8.1M loss in 11 and an 8.7M loss in 10. I've been waiting for them to make money for a long time. They really need to be more cost conscious. They're very frivolous with their money and have to keep borrowing.

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    • For the year ended December 31, 2011, the Company reported a net income of $1.1 million or $0.05 per basic and diluted share compared to a net loss of $(7.7) million or $(0.42) per basic and diluted share for the year ended December 31, 2010. Included in the 2011 results was a gain related to a legal settlement of $9.4 million. Total revenue for the year ended December 31, 2011 was $22.2 million as compared to $23.9 million for the year ended December 31, 2010. Cash flow from operating activities was $12.7 million for 2011 compared to $15.4 million for 2010.

      I think your missing the point!

 
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