eAuto Claims, an auto technology company based in Oldsmar, Fla. has announced it has lost $2.4 million, or 8 cents a share, on revenue of $14.7 million for the 2005 year end compared with a net loss of $2.2 million, or 9 cents per share, on revenue of $27.2 million for the same period last year.
eAutoclaims has never made a profit since being founded in 1996 and now has an accumulated deficit of more than $27 million.
This year’s loss was caused by the loss of a major customer, less revenue from the second largest customer and a longer startup time for a new co-marketing contract with ADP, the company said in a release.
Topics Claims Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
Roof Costs Soar Even as Claims Decline: Verisk 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
