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Kasten Chase reports 2005 financial results.

Publication: M2 Presswire
Publication Date: 31-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 March 2006-KASTEN CHASE: Kasten Chase reports 2005 financial results(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31032006

TORONTO - Kasten Chase (TSX: KCA), a developer of storage security solutions, today reported its audited financial results for the year ending December 31, 2005.

Revenues for the year were $ 1.9 million compared to $ 3.7 million for 2004. The net loss in 2005 was $ 8.3 million, or $ 0.14 per share. The decrease in net loss over last year is largely due to a one-time goodwill impairment charge of $ 9.7 million incurred in 2004. The net loss one year ago totaled $ 17.2 million, or $ 0.30 per share.

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