(Source: PRNewswire-FirstCall)
GREENWICH, Conn., May 13 /PRNewswire-FirstCall/ -- AmBase Corporation (OTC Bulletin Board: ABCP) (the "Company") announced today a net loss of $859,000 or $0.02 per share for the three months ended March 31, 2009.
For the three months ended March 31, 2008, the Company recorded a net loss of $2,318,000 or $0.05 per share.
A more complete discussion of the Company's affairs is included in AmBase Corporation's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2009, filed with the Securities and Exchange Commission.
AmBase Corporation Summary Results (in thousands, except per share data) Three Months 2009 2008 ----------------- ------ ------ Revenue $- $- ----------------- ------ ------ Operating expenses 916 2,471 ----------------- ------ ------ Operating loss (916) (2,471) ----------------- ------ ------ Interest income 9 153 Other income 50 - ----------------- ------ ------ Loss before income taxes (857) (2,318) Income tax expense (2) - ----------------- ------ ------ Net loss $(859) $(2,318) ----------------- ------ ------ Net loss per common share: Basic $(0.02) $(0.05) Assuming dilution $(0.02) $(0.05) ----------------- ------ ------ Weighted average common shares outstanding: Basic 43,215 43,729 Assuming dilution 43,215 43,729 ----------------- ------ ------
AmBase Corporation
CONTACT: Shareholder Services, +1-203-532-2048
A service of YellowBrix, Inc.
