JACKSONVILLE, Fl. — March 31, 2008 -
a21, Inc. ("a21") (OTCBB: ATWO), a leading online digital content
marketplace, today reported its financial results for the fourth quarter and
year ended December 31, 2007.
for the fourth quarter of 2007 was $6.1 million compared to $6.3 million for the
same prior year period. Total cost of sales for the fourth quarter of
2007 were $2.7 million, or 44% of revenues, compared $2.6 million, or 41% of
revenues, for the same prior year period. Fourth quarter 2007 selling, general,
and administrative expenses of $3.3 million were reduced by $1.7 million, or
34%, compared to the same prior year period through a continued focus on expense
reduction. Depreciation expense was $617,000 and 762,000 for the 2007 and 2006
fourth quarters, respectively. In the fourth quarter of 2007, the
Company recognized $111,000 in restructuring expenses. In the fourth quarter of
2006, the Company recognized a $1.7 million extraordinary charge due to the
impairment of intangible assets.
loss for the fourth quarter of 2007 was $1.1 million, or $0.01 per fully diluted
share, compared to a net loss of $4.0 million, or $0.05 per fully diluted share,
for the same prior year period. At December 31, 2007, the Company’s cash
position was $2.1 million and working capital was $1.5 million.
The following information was filed by A21, Inc. on Thursday, April 3, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate A21, Inc.'s financial trajectory
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CIK: 1074436 Form Type:10-Q Quarterly Report Accession Number: 0001074436-08-000012 Submitted to the SEC: Thu May 15 2008 1:55:02 PM EST Accepted by the SEC: Thu May 15 2008 Period: Monday, March 31, 2008 Industry: Business Services