AI
Wednesday, August 20, 2008 9:13:53 AM
Here is my favorite part
"I am pleased to report this quarter that Deep Down continues to improve its
financial position. The Company is now essentially debt free and has retired all
of its remaining preferred shares. Liquidity is strong with unrestricted cash
and equivalents of $4.1 million and a current ratio of 3.8. Our working capital
position is $10.8 million. Stockholders' equity has improved dramatically and is
now $52.9 million compared to $12.6 million on December 31, 2007. We remain
excited and optimistic about the prospects for continued revenue growth and a
return to profitability," commented Robert E. Chamberlain, Jr., Deep Down's
Chairman.
- that is quite a change in 6 months
- POWERZONE -
"I am pleased to report this quarter that Deep Down continues to improve its
financial position. The Company is now essentially debt free and has retired all
of its remaining preferred shares. Liquidity is strong with unrestricted cash
and equivalents of $4.1 million and a current ratio of 3.8. Our working capital
position is $10.8 million. Stockholders' equity has improved dramatically and is
now $52.9 million compared to $12.6 million on December 31, 2007. We remain
excited and optimistic about the prospects for continued revenue growth and a
return to profitability," commented Robert E. Chamberlain, Jr., Deep Down's
Chairman.
- that is quite a change in 6 months
- POWERZONE -
It seems a bit rough lately.
