Originally Posted by
AltaBound
Hey, they are trying to claw their way back to profitability. They probably think that demand for wifi is inelastic. Counting on the people that use are charging it back to a corporate expense report.
52 quarters, (13 years), of profitability followed by a net loss of $21m on sales of almost $1.1b revenue, which is getting into rounding error territory, even after the brutal impact on revenues with a strike threatening them, and lo and behold, WJ is "clawing it's way back to profitability".
I think that was WJ's 4th or 5th quarterly loss in its 22 year history.
Tough crowd!