|
Quotes & Info
|
| CNWT.OB > SEC Filings for CNWT.OB > Form 8-K on 10-Nov-2008 | All Recent SEC Filings |
10-Nov-2008
Results of Operations and Financial Condition, Other Events, Financial Sta
The Company announced the following unaudited results for the second quarter and first six months of fiscal year 2009:
Three months ended September 30, 2008 compared to September 30, 2007
· Revenues for the quarter totaled $1,288,503, an increase of $394,721 or 44% over the second quarter of fiscal 2008
· Gross profit for the quarter was $945,043, or 73% of revenues, compared to $644,510 or 72% of revenues for the year ago period
· Net loss for the quarter was $598,203 compared to $951,525 for the year ago period
· Net loss per share was ($0.03) compared to ($0.11) for the year ago period
Six months ended September 30, 2008 compared to September 30, 2007
· Revenues were $2,089,063, an increase of $ $515,494, or 33% over the first six months of fiscal 2008
· Gross profit for the period was $1,538,887, or 74% of revenues, compared to $1,117,066 or 71% of revenues for the year ago period
· Net loss for the period was $3,521,466 compared to $1,952,310 for the year ago period
· Net loss per share was ($0.26), compared to ($0.23) for the year ago period
The Company will host a conference call to discuss its results for the second quarter of fiscal year 2009, and to provide an update on future prospects for the business on Monday, November 10, 2008 beginning at 3:30 pm Central time (4:30 pm Eastern/1:30 pm Pacific). Participants should dial 1-800-762-9058 and provide conference ID number 3939923. A replay will be available from 6:30 pm Central time on November 11 until 10:59 pm Central time on November 17. Callers should dial 1-800-406-7325 and enter PIN 3939923.
(d) Exhibits
99.1 Press Release dated November 10, 2008
|
|