eAuto Claims Announces $2.4M Losses, $27M Accumulated Deficit
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.
Popular Today
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- California Sees Two More Property Insurers Withdraw From Market
Popular This Month