Overview - Accomplishments
Stabilization of the company
- Prior to 1999, 3 consecutive unprofitable years
- 1998 year end, unrestricted cash of $10.8 million
Growing revenues and profitability
- Annual revenue growth of 19% from 1998 to August 2001
- 10 consecutive quarters of profitability through June 2001
- Operating profit in Q3 of 2001
Successful re-capitalization of the company in April 2001
- Cash balance of $135MM on September 30, 2001