الأرباح افضل جداً من العام الماضى ... و كل البيانات جيدة ما عدا انخفاض المبيعات .. و لكن الادارة ترجع ذلك الى تركيزها على المنتجات التى تحقق هامش ربح أكبر ... يعنى يبيع بدولار و يكسب منه نصف دولار احسن من ان يبيع ب 2 دولار يكسب منها نصف دولار !!
و هذه اهم البيانات :
Revenues for the three and nine months ended September 30, 2003 were $2,650,000, and $7,610,000 compared to $2,890,000 and $9,950,000 for the same period in 2002. The decline in revenue is a result of the focus on higher margin engineering sales in the areas of design, build, publication and documentation versus off-site engineering support, as well as the reduction in sales force as part of the company's cost cutting initiatives undertaken in the later part of 2002. Gross profit for the three months ended September 30, 2003 increased to 33% compared to 31% for the same period in 2002. Gross profit for the nine months ended September 30, 2003 and 2002 was 32%.
For the three and nine months ended September 30, 2003, the company recorded a net loss of $1,860,000 and $7,160,000 or (0.00) and (0.02) per share compared to a net loss of $21,40,000 and $3,210,000 or (0.07) and (0.14) per share for the same period in 2002. Included in the net loss for the three and six months ended September 30, 2003 is interest expense of $1,580,000 and $6,250,000 related to the beneficial conversion feature on the 12% Senior Secured Convertible Debentures issued in December 2002 and the first nine months of 2003.
At September 30, 2003, the company had a cash flow deficiency from operations of $230,000 compared to a deficiency of $1,150,000 at September 30, 2002.
At September 30, 2003, the company had a working capital deficiency of $2,380,000 and stockholder's equity of $2,160,000 compared to a working capital deficiency of $3,720,000 and stockholder's equity of $1,320,000 at December 31, 2002.