You tell me LoL Again, taken from the annual report
Twelve Months Ended August 31, 2006, Compared to Twelve Months Ended August 31, 2005
(307.3) (96)
(8.5) (2.2)
(44.8) -
(1.2) -
Net loss attributable to common stockholders
(361.8)%
(97.9)%
Total revenue of $5.9 million for the twelve months ended August 31, 2006 decreased from $16.4 million during the same period of the prior fiscal year. NSC Systems, revenue, comprised of our REDIview, SBC and Geologic products and services, decreased from $12.6 million during the twelve months ended August 31, 2005 to $3.8 million during the twelve months ended August 31, 2006 primarily due to a reduction in active SBC network subscriber units from 21,900 as of August 31, 2005 to -0- as of August 31, 2006. SBC selected an alternate vendor to supply its next generation AVL product. As the revenues from the SBC contract ended in December 2005, our future revenues will be solely dependent upon sales of our REDIview product line. The failure of the marketplace to accept our REDIview product line would have a material adverse effect on the Company’s business, financial condition and results of operations.