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National Datacomputer Inc.(fka NDCP) RSS Feed

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06/19/06
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The net loss for the first quarter was $57,473 or $0.01 per diluted share, as compared to a net loss of $108,378, or $0.01 per diluted shares for the same quarter last year. Ms. Bucacci stated "the improved net loss in the first quarter of the current year was principally attributable to lower operating expenses. We achieved this by decreasing our workforce, decreasing our use of outside professional fees and downsizing our space facilities. Our order backlog at March 31, 2006 was approximately $700,000." William B. Berens, President and CEO stated "we began our cost cutting programs during the latter part of the fourth quarter of 2005 and continued into the first quarter of 2006. We believe these programs will be instrumental in reducing our annual operating expenses by approximately $650,000. We continue to focus on the sale and marketing of our new Route Accounting software package, RouteRider LE, and our existing Inventory products. Our revenue expectations for the future combined with these cost reductions will contribute to a healthy turn around for NDI". O/s 22,586,681. Total Debt (mrq): 114.97K Operating Cash Flow (ttm): 27.40K Levered Free Cash Flow (ttm): 161.53K Chart: IT dropped tremendously due to late filed 10K.
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