Expert: Harry Hayfield - 11/18/2004

Question
Hello,

Please... I need some help in interpreting one short Financial Report.

Thanks,

CLOUD MEDIA INC               
Ticker Symbol: CCC       Exchange: NMS            
THREE YEAR SUMMARY               
Year   Sales   Net income   EPS   Return on Assets   Return on Equity
2002   252,597,000   -92,753,000   ($2.20)   -6.80%   -12.60%
2001   202,087,000   -30,553,000   ($1.37)   -3.20%   -5.40%
2000   226,640,000   -2,298,000   ($0.49)   -0.20%   -0.40%
3-year growth rate   11.4  

Answer
If the following is in language you can understand please e-mail me at harry_hayfield@beeb.net and I will explain it all in similar language

In the year 2000, the company made $226.64 million in sales, but managed to make a loss of $2.298 million. In 2001, the sales fell to just over $202 million and the loss widened to $30 million but in 2002 they saw sales recover to $253 million, but the losses widened to $93 million.