Lightyear Network Solutions, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2012
For the six months ended June 30, 2012, the company reported loss from operations was $508,829 against $830,960 for the same period a year ago. Loss before income taxes was $769,069 against $681,072 for the same period a year ago. Loss attributable to common stockholders was $769,069 or $0.03 per basic and diluted share against $1,311,027 or $0.06 per basic and diluted share for the same period a year ago. Cash generated from operations was approximately $714,000 compared with cash used in operations of approximately $631,000 for the same period in 2011.