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Re: lentinman post# 1524

Thursday, 01/13/2005 10:09:54 AM

Thursday, January 13, 2005 10:09:54 AM

Post# of 173894
Len, re CTIG

Here's an excerpt from the Q2 earnings PR last August:

The Company reported a net loss of approximately $430 thousand or two cents a share in the second quarter 2004 compared to a net loss of approximately $13 thousand or zero cents a share in the second quarter 2003. The increased loss in the second quarter was primarily attributable to increased legal costs associated with patent enforcement activities.

Commenting on the results, Brad Houlberg, President and CEO, stated, "We are encouraged by the continued increase in revenues for the year. The five consecutive quarterly increases in revenues when compared to the similar periods in the prior years are indicative of the Company gaining momentum. Although we incurred greater patent enforcement costs in the second quarter, we believe those efforts will yield favorable results in subsequent quarters."


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