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Article: Aquagenix Inc. First Quarter Results Reflect Operating Income and Increased Revenues.
- Article from:
- Business Wire
- Article date:
- June 25, 1999
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 25, 1999--
Aquagenix Inc. (OTC BB:AQUX) announced Friday results for the first quarter ended March 31, 1999.
Revenues for the quarter rose 8% to $3,253,000 from $3,015,000 for the same period last year. Operating income for the quarter totaled $52,000 compared to an operating loss of $4,776,000 for the comparable quarter of 1998. After interest expense of $223,000, first quarter net loss totaled $171,000, or ($.03) per share, compared to a net loss of $4,997,000, or ($.98) per share, for the first quarter of 1998. The company posted an EBITDA of $294,000 for the quarter.
Russell M. Thompson, president ...