Published:
Commodore Applied Technologies, Inc. Reports Second Quarter 2007 Results
Commodore Applied Technologies, Inc. (OTCBB: CXIA), today announced financial results for the three and six month
periods ended June 30, 2007 (see table below).
Commodore Applied Technologies, Inc. and Subsidiaries
Condensed, Consolidated Statements of Operations
Three and Six Months Ended June 30,
(Unaudited - dollars in thousands, except per share data)
Three Months Six Months
Ended Ended
June 30, June 30,
2007 2006 2007 2006
------- -------- -------- --------
Revenues $ 719 $ 1,826 $ 1,589 $ 4,062
Loss from operations ($467) ($335) ($686) ($471)
Net loss ($666) ($494) ($1,073) ($630)
Deemed dividends and
dividends accrued to
preferred shareholders (103) (103) (206) (206)
------- -------- -------- --------
Net loss applicable to
common shareholder (769) (597) (1,279) (836)
Loss per share -
basic and diluted ($0.09) ($0.08) ($0.16) ($0.11)
Number of weighted average
shares outstanding (000's) 8,288 7,776 8,245 7,776
Commodore Applied Technologies, Inc. is a diverse technical solutions
company focused on
high-end environmental markets. The Commodore family of companies includes
subsidiaries Commodore Advanced Sciences, Commodore Solution Technologies
and Commodore Sales Solutions. The Commodore companies provide
environmental and technical services, environmental monitoring and sampling
supplies, specialty building supplies and patented remediation technologies
designed to treat hazardous waste from nuclear and chemical sources. More
information is available on the Commodore web site at www.commodore.com.
This Press Release contains forward-looking statements that are based on
our current expectations, beliefs and assumptions about the industry and
markets in which Commodore Applied Technologies, Inc. and its subsidiaries
operate. Such forward-looking statements involve known and unknown risks,
uncertainties, and other factors that may cause Commodore's actual results
to be materially different from any future results expressed or implied by
these statements. Actual results may differ materially from what is
expressed in these statements, and no assurance can be given that Commodore
can successfully implement its core business strategy and improve future
earnings.
The factors that may cause Commodore's actual results to differ from its
forward-looking statements include: Commodore's current critical need for
additional cash to sustain existing operations and meet ongoing existing
obligations and capital requirements; Commodore's ability to implement its
commercial waste processing operations, including obtaining commercial
waste processing contracts and processing waste under such contracts in a
timely and cost-effective manner; the timing and award of contracts by the
U.S. Department of Energy for the clean-up of waste sites administered by
it; the acceptance and implementation of Commodore's waste treatment
technologies in the government and commercial sectors; and other large
technical support services projects. All forward-looking statements are
also expressly qualified in their entirety by the cautionary statements
included in Commodore's SEC filings, including its quarterly reports on
Form 10-QSB and its annual report on Form 10-K.
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