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For the six months ended 30 June 2011, Priority Aviation Inc revenues decreased 57% to $118K. Net loss applicable to common stockholders decreased 42% to $1.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Interest expense(1) decrease of 47% to $336K (expense), Change in accrued derivative liability increase from $165K to $373K (income).
Period Ending: | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 |
---|---|---|---|---|
Total Revenue | 18.32 | 0.06 | 0.01 | 38.42 |
Gross Profit | 17.01 | 0.06 | 0.01 | 24.85 |
Operating Income | -5.88 | -0.83 | -1.35 | 1.4 |
Net Income | -5.17 | -0.75 | -0.88 | 2.34 |
Period Ending: | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 |
---|---|---|---|---|
Total Assets | 509.03 | 3.67 | 3.82 | 512.09 |
Total Liabilities | 237.74 | 9.01 | 9.32 | 232.18 |
Total Equity | 271.3 | -5.34 | -5.5 | 279.91 |
Period Ending: | Jun 30, 2011 | Mar 31, 2011 | Dec 31, 2010 | Sep 30, 2010 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | 39.28 | 0.03 | -0.56 | -144.68 |
Cash From Investing Activities | 0.04 | 0 | -0.01 | 4.53 |
Cash From Financing Activities | 15.9 | 0.1 | 0.42 | -14.61 |
Net Change in Cash | 56.22 | 0.12 | -0.15 | -153.94 |
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