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Article: NowAuto Group, Inc. Announces Fiscal 2009 Results.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 6, 2009
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NowAuto Group, Inc. (OTC Bulletin Board: NAUG; Other OTC: NWAU) announced results for its fiscal year ended June 30, 2009. The Company reported revenue of $5.4 million and a net loss of $0.24 per diluted share versus revenue of approximately $4.5 million and a net loss of $0.21 per diluted share in the prior fiscal year. The increase in revenue in fiscal 2009 was due to improved sales. Gross margin increased during fiscal 2008 to 45% up from 42% (restated) in the prior year as a result of the new enterprise system that is more efficient at capturing cost and incorporating them in the sales price.
Contract receivables, including deferred revenue from lease ...
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