-- Net 4Q Revenue was $5.1M, exceeding forecast and representing
a 154% increase from 2002 levels
-- Gross Margins for 4Q were $1.6M or 31% vs. a negative margin
of 6% in 4Q, 2002
-- Loss from Operations was $4.3M which included $2.4M of
non-cash stock option charges compared with our 4Q, 2002 loss
of $3.6M reflecting $0.2M of non-cash option charges
-- Net Loss Attributable to Common Stock in 4Q was $5.6M or
($0.12) per share and included $1.3M (EPS impact of $0.03) of
non-cash and interest charges associated with the $16M Senior
Secured Debt financing consummated in August 2003 and a $2.4M
(EPS impact of $0.05) of non-cash stock option charges
-- Cash Flow from Operations for the quarter was ($0.5M) vs.
($1.0M) in 4Q, 2002
-- Shipped our first adaptive array, SuperCapacity(TM) base
station hardware during 4Q
-- Received our first purchase order for our RapidCell(TM) base
station; a highly compact, rapidly deployable base station
designed for secure government communications applications
-- Signed an OEM agreement with a leading aerospace and defense
OEM reseller to market the RapidCell for government
communications applications
-- Shipped the first RapidCell base station to the OEM reseller
noted above in 1Q, 2004
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de qualquer tipo de transacção ou investimento.
