Another (-$3.7) million loss - 13 million left

Oh No! $-3.7 million loss and only 13 million left. Next QTR the Layoffs should be coming fast and unmercifully. With Revenue's down significantly from SANDY, the Jewish Holidays, they loss should be $5 million next QTR.

 

I believe Quest will purchase this lab to support the failing LI business unit.

 

They cut 50% of staff in Life Sciences last year. Thats how they got that business net income positive for the quarter. They can no longer support the existing business and that is the greatest driver in falling sales. If it weren't for income from old patents Life Sciences would still be in the red. Doesn't bode well but there isn't anything left to cut.

 

They closed Pharma division too. Only business left to cut to pay Elazar and Barry huge salary and rent is the lab

 

Interesting if Quest buys this loser and gets the multitude of reps that left back.....or show them the DOOR!!!!