Claimsnet.com Reports Amended First Quarter 2011 Results

Wednesday, May 11, 2011 General News
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CLAIMSNET.COM INC. AND SUBSIDIARIES

SUMMARY OPERATIONS STATEMENT INFORMATION

(In thousands except per share data)

(unaudited)

Quarter Ended

March 31,

2011

2010

REVENUES

$      573

$      578

COST OF REVENUES

$      434

$      414

GROSS PROFIT

$      139

$      164

SELLING, GENERAL AND ADMINISTRATIVE

$      176

$      173

LOSS FROM OPERATIONS

$       (37)

$         (9)

INTEREST EXPENSE

$         (5)

$         (7)

NET LOSS

$       (42)

$       (16)

NET LOSS PER COMMON SHARE –

BASIC

$    (0.00)

$    (0.00)

WEIGHTED AVERAGE COMMON

SHARES OUTSTANDING –

BASIC AND DILUTED

34,875

34,875



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