N2H2 (censorware company) not quite yet bankrupt

A few people have been speculating over the prospects of censorware company N2H2, wondering over the exact time they will run out of money. Their "Book Value", as I write this, is negative, and their stock price isn't worth a cup of coffee per share. It isn't even worth a can of soda per share. It's just about the penny-gumball range.

Well, today they released their most recent financial results:

N2H2 Reports Fourth Quarter and Full Year 2002 Financial Results; Generates $1.9 Million in Positive Cash Flow.

But ...

Net loss for the quarter was $1.8 million, a 74 percent reduction from the net loss for the fourth quarter of 2001. Net loss for the year was $6.6 million, an 81 percent reduction from the previous year's net loss of $35.5 million.

The deathwatch continues ...

By Seth Finkelstein | posted in censorware | on November 14, 2002 11:56 PM (Infothought permalink)

Seth Finkelstein's Infothought blog (Wikipedia, Google, censorware, and an inside view of net-politics) - Syndicate site (subscribe, RSS)