ajman good observation
I see it the way you do, also many forget what PAVC has endured the last six months and still is, yet the Company is moving forward in its plan. IMO the LOI will happen.
I have been pretty accurate on my PAVC posting.
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I would truly have liked to have seen a profitable quarter it would have made the restriction period a whole lot easier to bear, However, tax I don't think it is as bad as you make it out to be.
The decrease in revenue was due to getting rid of the less profitable sales margins that they had. Getting rid of the lower margin items is a good move by the company even though on the surface some may take it as bad because of the decrease in overall sales revenue. This is a big part of the reason for the decrease in overall expenses as well, which provided for overall less losses.
The loss per share for the 3 Mos. ending 6-07 was .02/share and 6-06 was .08/share.
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2007, COMPARED TO THE THREE MONTH PERIOD ENDED JUNE 30, 2006.
For the three month period ended June 30, 2007, the Company earned revenues of $1,322,439 as compared to revenues of $1,417,623 for the same period ended June 30, 2006. The changes in revenues in 2007 are a result of the Company’s continued efforts to restructure its business and product offerings, and its efforts to minimize the sale of products with lower margins.
For the three month period ended June 30, 2007, the Company incurred operational expenses of $616,255 as compared to $1,045,323 during the same period in the previous year. These operating expenses included: consulting fees of $95,171 and $103,000, wages & benefits of $171,246 and $178,495, and professional fees of $212,561 and $118,834 for the three month period ended June 30, 2007 and 2006, respectively. The variation in expenses from June 30, 2007 as compared to the same period in the previous year is due to the continued efforts to restructure its business operations and reduction of debt.
The Company incurred a net loss from operations of $730,408 for the fiscal quarter ended June 30, 2007, as compared to $1,054,734 for the same period in the previous year.
SEE PAGE F3 FOR REVENUE-COST OF SALES FOR NET REVENUE INCREASE
NET LOSS FOR 3MOS. ENDING 6-07 $730k
NET LOSS FOR 3 MOS. ENDING 6-06 $1,054K
Net Loss Per Share 3Mos. ending 6-07 .02
Net Loss Per Share 3Mos. ending 6-06 .08
AI
