Revenues up 32%!!!!!!!!!!To those who think this was great financial results I would stress that increased revenues and decreased costs are excellent. However, this company has gone from cash flow positive and bordering on break even to once again negative cash flow and extended losses. To those who favor growth over profitability you must be overjoyed; however, shareholders and future investors will want profits. The Mayo alliance left us on the critical list, the boat safety has left us drowning in red ink, the urology fiasco was money pissed down the drain,....you get the picture. If you feel these financial results are acceptable dont take my opinion but rather let me quote:
Wednesday Oct 31, 2001
CALGARY/CANADIAN NEWSWIRE/
"Axia continues to expect revenues to double, improved profitability. and positive cash flow for fiscal 2002.
ART PRICE
Press release #32, Globeinvestor website
32 % is 50 MILLION SHORT OF DOUBLE, NO PROFITABILITY AND NEGATIVE CASH FLOW .......still impressed????