stan, re DAOU
I used to own this one, too. Q4 was close to breakeven, but they had some 1-time benefits.
"The fourth quarter 2004 net loss of $44,000 compares to a net loss of $1,764,000 reported for the third quarter of 2004; however, the fourth quarter was favorably impacted by certain accrual adjustments made in the period. The Company reduced employee bonus and commission expenses by approximately $400,000 and Company 401(k) discretionary match accruals by approximately $225,000 as a result of lower than expected revenue and gross margin performance, and made a $257,000 adjustment to the provision for bad debt as the result of collecting overdue accounts."
Not sure exactly how much those things helped the bottom line, but there was still a big improvement from the net loss from Q3. With .50/share in cash on the balance sheet and the stock at .16, there could be some nice upside here if they return to profitability in the coming quarters.
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