Touchstone 1Q losses jump 168%
-
- March
- 19
Brewster-based Touchstone Applied Science Associates Inc. today reported that its fiscal first quarter loss grew 168 percent to $455,857 from $169,848 during the same period a year ago.
On an individual-share basis, the company reported it lost 9 cents a share in the quarter, which ended Jan. 31, compared to a loss of 5 cents a year ago.
The provider of educational assessment products and online testing reported revenues in the quarter rose 212 percent to $9.59 million, up from $3.07 million a year ago.
As previously reported, Touchstone has renamed itself Questar Assessment Inc. following its acquisition last year of Questar Educational Systems. The name change became effective today.
Accounting issues that arose from that purchase were the source for the delay in the reporting of the company’s year-end and fourth-quarter results, the company said.
Those financial statements, for the year and quarter ending Oct. 31, were released just last week.
This entry was posted
on Monday, March 19th, 2007 at 5:44 pm by David Schepp.
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