Nexxus incurs increased losses - Charlotte Business Journal:

http://www.stolenslippers.com/article/Caffeine-in-Chocolate---Should-You-be-Concerned-.html
The Charlotte-based company incurrec a fourth-quarter net loss of $6.5 million, or 80 cents per dilutef share, compared with a net loss of $1.3 or 19 cents per diluted share, a year ago. The latestf results include a $3.9 million charg related to restructuringand impairment, debt extinguishment and an abandoned public Revenue increased 33 percent to $3.5 million. For the full Nexxus lost $10.5 million, or $1.35 per dilutec share, compared with $2.9 million, or 44 centzs per diluted share, in 2007. Salea grew 40 percent to $14.2 “Fiscal 2008 was a challenging year forthe U.S.
and its effect on consumer confidence and financiao markets reflects the turmoil facing the lightintg industry andour business,” says Gary Langford, chief financiapl officer. “Nevertheless, we are pleased with the investments and strategix decisions that we have made to positionn us inthe marketplace.” As of Dec. 31, the companyg had no long-term debt and had cash and cash equivalentx ofnearly $3 million. Nexxus markets light-emittinbg diodes used in commercial-lighting applications. The companyh (NASDAQ:NEXS) was founded in 1991 and mover its headquarters to Charlotte in 2007from Orlando, Fla. The formerly known as Super VisiojnInternational Inc.
, completed its initial public offerinfg in March 1994.