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
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Revenue $- $-
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Operating expenses 916 2,471
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Operating loss (916) (2,471)
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Interest income 9 153
Other income 50 -
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Loss before income taxes (857) (2,318)
Income tax expense (2) -
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Net loss $(859) $(2,318)
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Net loss per common share:
Basic $(0.02) $(0.05)
Assuming dilution $(0.02) $(0.05)
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Weighted average common shares outstanding:
Basic 43,215 43,729
Assuming dilution 43,215 43,729
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SOURCE AmBase Corporation
