Stonepath Reports 4Q Loss; Files Amended 2004 Statements
ogistics firm Stonepath Group reported a net fourth-quarter loss of $6 million or 15 cents a share, compared with net earnings of $1.7 million or 4 cents a year earlier.
Stonepath also said it had filed amended 10-Q quarterly statements with the Securities and Exchange Commission for the first and second quarters of 2004.
The company had said in November it would delay filing third-quarter earnings until it finished amendments to its 2003 and 2004 first-half earnings.
For the full year 2004, Stonepath said it lost $13 million or 33 cents a share, compared with a loss of $800,000 or 3 cents a year earlier.
Full-year revenue rose to $367.1 million from $220.1 million a year earlier.
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