Once an unprofitable medical technology company, MGT Capital has reorganized and now focuses solely on monetizing intellectual property.
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The legal costs and the decline in newspaper ads have kept the company unprofitable, yet Fox sees a bright side.
Because the company is unprofitable, the price-to-earnings ratio is of no use here.
Chapter 11 also allows a company to reject unprofitable leases and supply agreements or use the threat of such rejection as leverage to obtain financial concessions from lessors and other counterparties.
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He and his partners went about whittling the company down by shuttering unprofitable lines such as scanners and digital kiosks and cutting the work force by some 20% to 2, 850.
The investment bankers knew overseas investors would shun a life insurance company with a portfolio of unprofitable policies.
That change alone would probably make every telephone company in the U.S. unprofitable.
Thor has never had an unprofitable year--a rarity for an RV company--not even during the downturn in the late 1980s (though Thompson took no salary for two years to stay in the black).
Most store leases expire in the next few years, when the company will have a chance to close some unprofitable locations and in some cases strike better rental deals.
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The company's continued growth, engagement and business potential has attracted growing interest from investors who have put sky-high valuations on a company with little to no revenue that is unprofitable.
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The idea is that managers seeing the whole company can direct money and resources to a division that, while unprofitable, may hold Corning's next big hit.
The company's decision followed Panasonic's move to streamline its unprofitable operations and focus more on competitive businesses such as selling home appliances, as well as rechargeable batteries for electric and hybrid cars.
The closely held company wouldn't disclose financial figures, but isn't yet making much revenue and is unprofitable.
When the company filed to go public in early June, it attracted criticism for its high marketing costs and unprofitable business.
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