Wow and I thought I could burn through some cash fast.
For the third quarter of 2011, the Company reported a net loss of $(26.3) million, or net loss per basic and diluted share of $(0.09) per share, compared with net income of $7.7 million, or $44.20 net income per basic share and $8.18 net income per diluted share, for the third quarter of 2010.
For the nine months ended September 30, 2011, the Company reported a net loss of $(37.4) million, or $(0.24) net loss per basic and diluted share, compared with a net loss of $(133.4) million, or $(1,114.57) net loss per basic and diluted share, for the nine months ended September 30, 2010. All share and per share data included in this press release have been retroactively adjusted to account for the effect of a 1-for-100 reverse stock split that became effective in August 2010 and a 1-for-50 reverse stock split that became effective in February 2011.
