My Freightworld Technologies Inc (MYFT)

[chokkan]

Am I wrong or on the last 2 Q they lost money again as seen on Pinksheet.com?M Head was speaking in march april of increasing business as never saw before;now they seems to be down in comparison of 2009;can somebody explain?I am not impressed!

June 30, 2010 June 30, 2009 % Change
Gross Revenue $ 5,286,651 $ 8,430,430 -37.3%
Cost of Sales 4,230,951 6,995,932 -39.5%
Gross Margin 1,055,700 1,434,498 -26.4%
Expenses
Commissions 293,985 732,035 -59.8%
General/Administ 735,888 672,697 9.4%
Total Expenses 1,029,873 1,404,732 -26.7%
EDITDA 25,827 29,766 -13.2%
Interest, Depreciation, & Amortization
204,270 29,897 583.2%
Net Income (Loss) $ (178,443) $ (131) 136116.0%
Operating Metrics:
Gross Margin as a % of Revenue 20.0% 17.0%
Net Margin (Gross Margin less 14.4% 8.3%
Commissions) as a % of Revenue
Net Income as a % of Revenue -3.4% 0.0%