View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 5, 1987

FLEXIBLE COMPUTER RESTATES 1985, 1986 SALES SHARPLY LOWER; LOSSES UP

By CBR Staff Writer

Flexible Computer Corp, which warned last month that it might have to revise its 1985 and 1986 figures downwards because it had been recognising revenue from sales too early (CI No 575), has now announced the revised figures. The Dallas, Texas OEM board systems manufacturer now says that it made a net loss of $5m on sales of $1m in the nine months to September 1986; it had originally claimed a net loss of $3.2m on sales of $4.2m. For 1985, the company now says that net losses were $8.7m on sales of $777,960 where previously it had reported a net loss for 1985 of $7.6m on turnover of $2.5m.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU