DrKoop.com Still Alive
from the not-dead-yet dept
When the dot com downturn first started one of the companies that everyone thought DrKoop.com was the first in line to go out of business. Yet, they’ve still been hanging on. They just came out with their latest earnings report (though, they’re no longer a Nasdaq listed company) and they’ve cut their losses significantly (it’s amazing what you can do to your expenses when you’ve laid off everyone). Of course, their revenue has also shrunk. The article suggests they’re “showing signs of recovery”, but the math doesn’t add up. If they’re making less than a million dollars a quarter, but their expenses appear to be between $4 and $6 million a quarter, they still have quite a gap to cover. And, the fact that quarter to quarter revenue is decreasing doesn’t seem like a good sign.
