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But the company is recently profitable, and on June 30 it had an accumulated deficit of $157.5 million.
The company was recently profitable, though it's not currently as it's trying to expand and hire.
The company is recently profitable, reporting net income of $2.1 million for the nine months ended Sept. 30 on revenue of $68.4 million.
Since its IPO, the recently profitable company — which has more than 760,000 members in 20 different cities and over 300 college campuses in the United States, the UK, and Canada — has seen less-than-stellar stock performance.
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While competitor Lucent Technologies has just recently become profitable, and Nortel Networks is still struggling with its accounting woes, Cisco is highly profitable and growing nicely.
Consumer finance was until recently highly profitable, thanks to rates of up to 29% charged to some borrowers.
The company only recently became profitable, earning $1.8m on sales of $13.6m in the first half of the year.
While Mr. Foreman won't divulge annual revenue, he says he and his partners invested $8 million to get the enterprise going and that it has recently become profitable.
In 2000, L-3 bought Link Simulation and Training, an unprofitable flight-simulation business for $160 million that L-3 recently turned profitable.
YouTube, which was bought for $1.6bn by Google in 2006, generated about $544m in revenue last year and is thought to have recently become profitable.
So the move against Banco de Venezuela came as a surprise.Seeking an exitExchange controls and the government's numerous other mandates placed on banks have made operating in the sector challenging (albeit until fairly recently, highly profitable).
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