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Monday, August 31, 2009 9:26:07 AM
08/24/2009
New York, NY, August 24, 2009-FreeCashNews.com reports that negative Free Cash Flow for Positron Corporation (OTC:POSC) for its quarter ended June 30, 2009 was $(549,000), a 46% improvement over the year earlier same quarter when Positron generated $(1,022,000) in negative Free Cash Flow. Positron has generated twenty-one consecutive quarters of negative Free Cash Flow. Free Cash Flow for the most recent quarter also reached a five year high.
For Positron's twelve months ended June 30, 2009 Free Cash Flow was $(2,677,000), compared with $(3,483,000), a 23% improvement over the comparable year earlier twelve months.
The shares of Positron were recently trading at $0.08 which is within 6% of their one year high of $0.09 on August 29, 2008.
The FreeCashNews.com utilizes the following definition or calculation for its published Free Cash Flow news and reports:
Free cash flow is defined as cash flow from operations or operating cash flow plus or minus capital expenditures. "Capital Expenditures" is a line item, which can be found in the Cash Flow From Investments section of a company's Cash Flow Statement which is filed quarterly in the 10Q and 10K reports with the U.S. Securities & Exchange Commission by publicly traded companies.
FreeCashNews.com publishes quarterly updates on Free Cash Flow for approximately 8,200 publicly traded U.S. companies. It also monitors and publishes news and special reports on 216 industry groups. More information on FreeCashNews.com is available at www.StockTrendNews.com.
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