eAuto Claims, an auto technology company based in Oldsmar, Fla. has announced it has lost $2.4 million, or 8 cents a share, on revenue of $14.7 million for the 2005 year end compared with a net loss of $2.2 million, or 9 cents per share, on revenue of $27.2 million for the same period last year.
eAutoclaims has never made a profit since being founded in 1996 and now has an accumulated deficit of more than $27 million.
This year’s loss was caused by the loss of a major customer, less revenue from the second largest customer and a longer startup time for a new co-marketing contract with ADP, the company said in a release.
Topics Claims Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
