“The Sports Club Company, Inc. today announced financial results for the fourth quarter and year ended December 31, 2008. Revenues from operations for the fourth quarter ended December 31, 2008 were $15,619,000 compared to $15,541,000 for the fourth quarter ended December 31, 2007, an increase of $78,000 or less than 1.0%. Net loss, before Preferred Stock dividends, for the fourth quarter ended December 31, 2008 was $2,959,000 compared to a net loss of $2,631,000 for the fourth quarter ended December 31, 2007. After Preferred Stock dividends of $299,000 for both the fourth quarter ended December 31, 2008 and 2007, the net loss attributable to common stockholders for the fourth quarter ended December 31, 2008 was $3,258,000 or $0.15 per basic and diluted share, compared to a net loss attributable to common stockholders for the fourth quarter ended December 31, 2007 of $2,930,000 or $0.14 per basic and diluted share. The weighted average number of basic and diluted shares outstanding for the fourth quarter ended December 31, 2008 was 21,474,000 shares compared to 20,854,000 shares for the fourth quarter ended December 31, 2007. Revenues from operations for the year ended December 31, 2008 were $63,474,000 compared to $61,671,000 for the year ended December 31, 2007, an increase of $1,803,000 or 2.9%. After Preferred Stock dividends of $1,194,000 and $1,193,000 for the year ended December 31, 2008 and 2007, respectively, the net loss attributable to common stockholders for the year ended December 31, 2008 was $6,167,000 or $0.29 per basic and diluted share, compared to a net loss attributable to common stockholders for the year ended December 31, 2007 of $7,289,000 or $0.35 per basic and diluted share. The weighted average number of basic and diluted shares outstanding for the year ended December 31, 2008 was 21,386,000 shares compared to 20,537,000 shares for the year ended December 31, 2007.”
http://www.foxbusiness.com/story/markets/industries/entertainment/sports-club-company-announces-operating-results-fourth-quarter-year-ended/
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