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jonesieatl

08/11/08 12:01 PM

#4326 RE: jonesieatl #4325

Results of Operations

Three months ended June 30, 2008 Compared to three months ended June 30, 2007

For the quarter ended June 30, 2008, revenue was $2.3 million, compared to $1.4 million in the second quarter of 2007, an increase of $0.9 million. We had an operating loss of about $3.3 million in the second quarter of 2008, compared to a loss of $2.8 million in the second quarter of 2007.

For the six months ended June 30, 2008, revenue was $3.9 million, compared to $3.0 million in the first six months of 2007, an increase of $0.9 million. We had an operating loss of about $5.4 million in the first six months of 2008, compared to a loss of $5.0 million in the first six months of 2007.


Yorkville / Cornell Tracking Board #board-9964


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