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DRI CORPORATION Message Board

  • tbus_triple_its_shares tbus_triple_its_shares Apr 9, 2004 9:21 PM Flag

    MISSED 4th quarter and 2003 FORECAST.

     

    Just after the third quarter it said: "Now let��s move on to the fourth quarter forecast, fourth quarter 2003 forecast. We expect to achieve a profit in the fourth quarter of ��03, exclusive of any non-cash one-time charges that will be incurred due to financing transactions completed during the quarter."

    "As to the full year ��03, we presently project to be approximately $46.3 million. We expect 2003 the full year to be profitable, exclusive of any non-cash one-time charges that will be incurred in the fourth quarter ��03 due to the financing transactions we��ve completed in the fourth quarter. This compares to revenue of $45.1 million and a loss of ten cents per share on basic and fully diluted shares outstanding last year."

    Then 3 months later, it said that "We expect the quarter and year to be in a loss position, before recognizing the non-cash, financing-related charges discussed in our third quarter 2003 earnings release."

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