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Re: gene_genome post# 13274

Thursday, 08/02/2012 8:09:17 PM

Thursday, August 02, 2012 8:09:17 PM

Post# of 29220
put a positive spin on that..I am using numbers from the balance sheet of the 4Q. According to the accounting methods CPST uses, the net losses involved use calculations involving warranty liability benefits and non-cash charges. What ever one's opinion of these methods, they are real, legal, and justifiable.

Your loss numbers are referring to flat operation losses per year, not net losses after accounting in other factors that affect the bottom line. While the operation losses definitely need improvement, accounting takes in all aspects of a company's functions.

This holds true for all the previous years regarding net losses also. There were operation losses, but net loss, taking in all consideration, has improved significantly each fiscal year as well as the flat operation loss numbers.

By legal and accepted accounting methodsThe net loss was $18.8M in fiscal 2012, an improvement of $19.7M from the net loss of $38.5M in fiscal 2011.

While basic operating losses have decreased every year, Revenue was $109.4M an increase of 34% compared to a revenue of $84.9M for fiscal 2011.
This in the 4Q.

This from the 4Q with Accounting Standards Codification to be sure. Either way, I see great improvement.

How did I do, Gene; a good enough spin. LOL!


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