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Another great quarter     14-Aug-09 07:39 pm    
But beware things are going to get rough in the second half of the year...

The combined effect of the loss of the DSL fast access portion of AT&T fulfillment, the loss of the clients serviced from the Romeoville, Illinois facility and the expected loss of Smith and Hawken as a customer at the end of 2009 is projected to result in a significant reduction in our revenue and operating profit in 2010 unless we identify new business services to replace these lost clients. The combined revenue generated from the AT&T DSL fast access account, the Romeoville, Illinois customers and Smith and Hawken represented approximately $27.1 million or 25.9% of our total service revenue of $104.5 million for the year ended December 2008. The loss of the Romeoville clients business and partial loss of our AT&T business will cause a significant reduction in revenues and operating profit during the second half of 2009. This projected reduction in future revenue compared to our recently reported revenue will be evaluated on an ongoing basis to determine if any impairment in the carrying value of our equipment or goodwill is appropriate. In reaction to these events, we have already consolidated the call center operations and identified reductions in facility and general and administrative expenses which will result from closing the Romeoville and Smith and Hawken facilities to partially offset the reduced profit contribution in future periods. Additionally, we have increased our marketing staffing and will increase our business development efforts going forward in an effort to replace these lost accounts.
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jthaiphu


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Another great quarter
jthaiphu Not rated 14-Aug-09 07:39 pm  
 
Who are you and are you allowed to provide these t...
everynameie... Rate it 17-Aug-09 02:24 pm  
 
Huh? That info is from the 10Q!
jthaiphu Rate it 17-Aug-09 03:49 pm  
 
Well, why didn't you say that in the fir...
everynameie... Rate it 17-Aug-09 04:29 pm  
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Innotrac Corp. (INOC)

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