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Article: Aquagenix Inc. Releases Results for the Year Ended Dec. 31, 1998.
- Article from:
- Business Wire
- Article date:
- June 25, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 25, 1999--
Aquagenix Inc. (OTC BB:AQUX) announced Friday results for the year ended Dec. 31, 1998.
Revenues for the year were $16,346,000 up from $13,188,000 for the year ended Dec. 31, 1997. Operating loss for the year totaled $9,832,000 compared to an operating loss of $1,933,000 for the previous year. After interest expense of $900,000 and the loss of $2,346,000 resulting from the termination of an acquisition, the net loss for the year ended Dec. 31, 1998 totaled $13,079,000 or ($2.42) per share, compared to the net loss of $2,697,000 or ($.61) per share for the year ended Dec. 31, 1997.
Total ...