A.B. Watley Announces First Quarter Financial Results; Narrow EBITDA Loss.
Business Wire › February 12, 2001
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A.B. Watley Announces First Quarter Financial Results; Narrow EBITDA Loss.
Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 12, 2001 Financial Highlights: - Narrow EBITDA loss of $663,071, or $0.08 per share - Cost savings of approximately $2.6 million during the quarter resulting from the transition of clients to proprietary software, UltimateTrader(R) II - Gross revenues per account at $411 for the quarter - 157% growth in net new accounts as compared to first quarter fiscal 2000 - Company to release 28 employees, or 20% of the work force A.B. Watley Group Inc. (NASDAQ: A...See the full content of this document
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