New ETF Book by Larry Connors - Click here to read more
Net income for the full fiscal year 2008 was USD1.5m (USD0.43 per basic and diluted share), down from USD2.6m (USD0.71 per share) for the fiscal year 2007. Total revenues for the year increased to USD100.0m from USD77.0m in the full year 2007.
In the fourth quarter of 2008 ISA recorded a net loss of USD2.5m (USD0.69 per basic and diluted share), including one-time charges of USD0.37 per share for inventory write-downs associated with market conditions and a lawsuit settlement reserve. This compares to the earnings of USD566,295 (USD0.16 per share) in the prior year fourth quarter. Revenues were reduced to USD10.6m, from revenues of USD21.6m in the fourth quarter of 2007.
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