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For the fiscal year ended 31 December 2008,Technology Solutions Co. revenues decreased 39% to $6.3M.Net loss before extraordinary items decreased 73% to $1.9M.Revenues reflect United States segment decrease of 40% to$5.6M. Lower net loss reflects Other Project Costs decreaseof 25% to $1.1M (expense). Basic Earnings per Shareexcluding Extraordinary Items increased from -$2.81 to-$0.75.
Period Ending: | Dec 31, 2008 | Sep 30, 2008 | Jun 30, 2008 | Mar 31, 2008 |
---|---|---|---|---|
Total Revenue | 6.3 | 1.64 | 2.27 | 2.58 |
Gross Profit | 1.69 | 0.34 | 0.53 | 0.9 |
Operating Income | -2.23 | -0.95 | -0.37 | -0.19 |
Net Income | -0.41 | -0.9 | 1.51 | 0.13 |
Period Ending: | Dec 31, 2008 | Sep 30, 2008 | Jun 30, 2008 | Mar 31, 2008 |
---|---|---|---|---|
Total Assets | 10.61 | 12.18 | 14.42 | 14.92 |
Total Liabilities | 1.27 | 1.67 | 2.93 | 4.81 |
Total Equity | 9.34 | 10.5 | 11.49 | 10.11 |
Period Ending: | Dec 31, 2008 | Sep 30, 2008 | Jun 30, 2008 | Mar 31, 2008 |
---|---|---|---|---|
Period Length: | 12 Months | 9 Months | 6 Months | 3 Months |
Cash From Operating Activities | -5.04 | -3.98 | -1.72 | -1.16 |
Cash From Investing Activities | 5.78 | 4.46 | 3.98 | 0.99 |
Cash From Financing Activities | -0.01 | -0.01 | -0.01 | -0.01 |
Net Change in Cash | 0.72 | 0.47 | 2.25 | -0.18 |
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