Impairment placed at the same time Computer Corp. in the red for fiscal 2009th
The Duluth, Georgia-based provider of video solutions for cable, PC and mobile video markets (NASDAQ: Ccur) had a net loss of U.S. $ 14.5 million and loss per share of $ 1.75. This compares with a net income of $ 265,000 and income of 3 cents per share in fiscal year 2008.
Its sales rose by 1.1 percent to 71.6 million U.S. dollars.
The results for 2009 include U.S. $ 17.1 million non-cash impairment charge to reduce the price of securities of the company and the market valuation of the mark Stream Ever the renaming of data from media company and advertising for products and services.
"In fiscal year 2009, we have reduced our revenue breakeven point is to improve efficiency and manage money better," said Mondor, president and CEO at the same time, the income statement. "With a more efficient management, we are better positioned to invest in new products in new markets under our three-screen strategy to solve."
The Duluth, Georgia-based provider of video solutions for cable, PC and mobile video markets (NASDAQ: Ccur) had a net loss of U.S. $ 14.5 million and loss per share of $ 1.75. This compares with a net income of $ 265,000 and income of 3 cents per share in fiscal year 2008.
Its sales rose by 1.1 percent to 71.6 million U.S. dollars.
The results for 2009 include U.S. $ 17.1 million non-cash impairment charge to reduce the price of securities of the company and the market valuation of the mark Stream Ever the renaming of data from media company and advertising for products and services.
"In fiscal year 2009, we have reduced our revenue breakeven point is to improve efficiency and manage money better," said Mondor, president and CEO at the same time, the income statement. "With a more efficient management, we are better positioned to invest in new products in new markets under our three-screen strategy to solve."
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