20.08.2013 20:16:35
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Net Elemnt Int'l Q2 Loss Widens - Quick Facts
(RTTNews) - Net Elemnt International (NETE) posted second-quarter net loss of $20.2 million or $0.72 per share, wider than $2.6 million or $0.13 per share in the comparable quarter last year.
The increased loss was driven primarily by non-cash impairments, which were necessary to clean up company's financials and set a strong foundation for growth.
Net revenues for the latest second quarter was $5.62 million, up from $37,818 in the year-ago period.
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