For the three months ended 3/31/01, revenues totaled $38.1 million, up from $14.4 million. Net loss totaled $295.4 million, up from $67 million. Results reflect the continued addition of new customers, offset by increased amortization of goodwill and intangibles.
There are many things mangement didn't mention. The absolute "best" news was that its business is deteriorating. Heck, 38M revenue versus $1B loss and continued losses is a bad business mode. They will burn thru their cash before the year is up.
EPNY had two massive downgrades and massive losses is a SELL at every chance for me.