Stock compensation expense drives up Hudson loss
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- March
- 13
Higher stock-based compensation helped drive up the fourth-quarter loss at Hudson Technologies Inc., a Pearl River-based company that decontaminates large refrigeration equipment.
The company reported this morning it lost $986,000, or 5 cents a share, during the quarter that ended in December, compared with a loss of $110,000, or less than a penny a share, a year earlier.
The company said revenues were $2.73 million, a drop from the $2.77 million in the last quarter of 2006.
Kevin J. Zugibe, the chairman and chief executive, said the loss from the most-recently completed quarter included a non-cash $437,000 share-based compensation expense, higher interest expense on increased debt related to the 2007 stock repurchases, and additional taxes.
“Absent the non-cash expenses, the cash flow of the business remains very strong,” he said.
This entry was posted
on Thursday, March 13th, 2008 at 8:44 am by Allan Drury.
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