COSI Reports Wider Loss, But Positive Cash Flow
COSI announced their 1Q06 earnings after the market’s closing bell. The tally: a net loss of $3.9 million (a loss of about 10 cents per share) compared with a loss of $2.8 million for 1Q05.
They did note, however, that they generated a positive cash flow from operations of $200,000 in 1Q06, whereas they burned about $5.5 million in 1Q05.
