Here's one I've been following a long long time. From the otc to the naz and back down again, if they can turn it around, would be a very nice ride back up from .18, news today:
WAVERIDER COMMUNICATIONS INC - 90% Revenue Growth For 2001
New York, New York, Mar 28, 2002 (Market News Publishing via COMTEX) --
Additional financing completed, providing cash required for
2002 plan --
WaveRider Communications Inc., a leading global provider of fixed wireless
Internet access products, reported revenue of (U.S.) $7.8 million for its fiscal
year ended December 31, 2001, an increase of 90% over 2000 reported revenue of
$4.1 million.
Net loss for 2001 totaled $21.5 million, or $0.37 per share compared to a loss
of $31.5 million or $0.59 per share in 2000. The net loss for 2001 included
non-cash expenses of $10.8 million compared to non-cash expenses of $17.9
million in 2000.
WaveRider also announced it has completed an additional $2.4 million in
financing, which completes the company's three-part financing strategy. The
financing strategy, announced in September, 2001, has generated more than $8
million, resulting in a cash position that the company expects will support the
implementation of WaveRider's 2002 business plan.
"With the success of our Last Mile Solution(R) products and the completion of
our financing requirements, we anticipate WaveRider will continue to generate
positive year-on-year growth in 2002," said Bruce Sinclair, President and CEO,
WaveRider Communications Inc. "We believe we are building a solid foundation
that will lead to exponential long term growth."
"We anticipate WaveRider will achieve revenue gains in 2002, leading to
profitability for Q4, 2002," added Sinclair. "At the same time, our focus will
be to continue to minimize our operating expenses and increase our gross
margins."
imho, Jerome
AI
