The Registrant anticipates that it will report significant changes in its results of operations for its fiscal year ended December 31, 2011 compared to its fiscal year ended December 31, 2010. Based on the information available at this time, the Registrant anticipates a net loss of $5.0 million or $(0.04) per diluted share compared to a net loss of $4.0 million or $(0.04) per diluted share for the comparable prior year ended December 31, 2010. Net revenues are anticipated to be $26.4 million in 2011 compared to $36.4 million reported in 2010. Total operating expenses for 2011 are expected to be $31.4 million compared to $40.0 million reported in 2010.Last year, the company lost $4 million according to their 10-K. YTB has not had a positive year-end report in more than 6 years.
Mar 21, 2012
YTB Anticipates $5 Million Dollar Loss For 2011
YTB has postponed filing it's 10-K (Annual Report) to the SEC due to the abrupt resignation of their CFO in March. In the filing, YTB was required to note any significant change in results from the prior year. They reported an anticipated loss of $5 million.
Posted by John at 12:37 PM