Replies to post #10651 on World Surveillance Group Inc (fka WSGI)

[rocky301]

Watney,

Actually, when you take out the "options" that were expensed this time around you would have a loss of about $8.6MM on about $29MM in revenues which imo looks better than 2003 figures of revs/loss...Sustained revs of about 12-15MM/qtr with a higher profit margin should have GTEL close to turning the corner after 2nd qtr..Sanswire expenses will no doubt take a bite the next few quarters also...rock

"The net loss incurred represented charges to earnings under
Generally Accepted Accounting Principles of $4,491,581 in option expenses to certain employees, officers and key management. Approximately $1,000,000 of the loss was attributed to professional services, making the net loss attributable to operations approximately $7,675,288 on revenues of $28,996,213. During the previous year 2003, the company reported a net loss of $6,202,426 on revenues of
$11,351,939."
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