(Source: PRNewswire-FirstCall)
GREENWICH, Conn., Aug. 4 /PRNewswire-FirstCall/ -- AmBase Corporation (the "Company") (BULLETIN BOARD: ABCP) announced today a net loss of $515,000 or $0.01 per share and $1,374,000 or $0.03 per share for the second quarter and six months ended June 30, 2009, respectively.
For the second quarter and six months ended June 30, 2008, the Company recorded a net loss of $1,120,000 or $0.03 per share and $3,438,000 or $0.08 per share respectively.
A more complete discussion of the Company's affairs is included in AmBase Corporation's Quarterly Report on 10-Q for the quarterly period June 30, 2009, filed with the Securities and Exchange Commission.
AmBase Corporation Summary Results (in thousands, except per share data) Second Quarter Six Months 2009 2008 2009 2008 ---- ---- ---- ---- Operating expenses $525 $1,461 $1,441 $3,932 ------------------ ----- ------ ------ ------ Operating loss (525) (1,461) (1,441) (3,932) -------------- ----- ------ ------ ------ Interest income 12 94 21 247 Other income - 247 50 247 ------------ ----- ------ ------ ------ Loss before income taxes (513) (1,120) (1,370) (3,438) Income tax expense (2) - (4) - ------------------ ----- ------ ------ ------ Net loss $(515) $(1,120) $(1,374) $(3,438) -------- ----- ------ ------ ------ Net loss per common share: Basic $(0.01) $(0.03) $(0.03) $(0.08) Assuming dilution $(0.01) $(0.03) $(0.03) $(0.08) ----------------- ------ ------ ------ ------ Weighted average common shares outstanding: Basic 43,179 43,610 43,197 43,669 Assuming dilution 43,179 43,610 43,197 43,669 ------------------- ------ ------ ------ ------
AmBase Corporation
CONTACT: Shareholder Services, +1-203-532-2048
A service of YellowBrix, Inc.
