Total expenses (cost of revenue and operating expenses) for the three months ended March 31, 2012 increased 26.6% to $5.0 million, from $4.0 million in the same quarter last year. EBITDA was $(628,000), or $(0.02) per diluted share, for first quarter, compared to $1.6 million, or $0.06 per diluted share, for the first quarter of 2011. Net loss for the three months ended March 31, 2012 was $(1.5 million), or $(0.06) per diluted share (based on 25.9 million diluted weighted average shares), compared to net income of $1.2 million, or $0.05 per basic and diluted share (based on 25.1 million basic and 26.2 million diluted weighted average shares, respectively), in the same quarter of 2011.Outlook
Cover-All Announces First Quarter 2012 Financial Results
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