December 23, 2002

N2H2 (censorware co) deathwatch spiral continues

N2H2, a now-infamous censorware company, recently issued its current Financial Annual Report. I'll just quote this paragraph:

We have incurred net losses in each quarter since we incorporated in 1995. We incurred net losses of $881,000 for 1997, $2.6 million for 1998, $7.7 million for 1999, $39.3 million for 2000, $35.5 million for 2001 and $6.6 million for 2002. If we fail to achieve and maintain profitability, our stock price will decline, our future capital raising efforts will be impaired and we may be forced to reduce or cease operations.

By Seth Finkelstein | posted in censorware | on December 23, 2002 11:47 PM (Infothought permalink) | Followups

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