AboutHarry Hayfield Expertise I`ve been interested in investing in the stock market since December 1990 and in recent months have been an avid viewer of Bloomberg and CNBC Television.
Expert: Harry Hayfield Date: 11/18/2004 Subject: Financial Report
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.
