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Alias Born | 02/01/2007 |
Thursday, May 10, 2007 8:46:32 PM
(all figures based on the comparable quarter 2006)
Revenues doubled.
Cost of goods sold nearly tripled.
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Gross profit rose by about a third.
Sales & marketing costs dropped by a third.
General & Admin cost nearly doubled.
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Operating losses increased by about 20%.
Net operating losses increased nearly 7000%.
Net losses increased about 1000%.
Based on the burn rate in Q1 2006, all else remaining the same, NEOM will need a capital injection by the end of May
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