GREENWICH, Conn., March 29 /PRNewswire-FirstCall/ -- AmBase Corporation (OTC Bulletin Board: ABCP) (the "Company") announced today a net loss of $2,411,000 or $0.06 per share for the full year ended December 31, 2009.
For the full year ended December 31, 2008, the Company recorded a net loss of $4,431,000 or $0.10 per share.
A more complete discussion of the Company's affairs is included in AmBase Corporation's Annual Report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission.
The Company also announced that it has fixed the close of business on Friday, April 16, 2010 as the record date for the upcoming 2010 Annual Meeting of Stockholders of AmBase Corporation, which will be held at 9:00 AM Eastern Daylight Time on Friday, June 4, 2010 at the Hyatt Regency Hotel, 1800 East Putnam Avenue, Greenwich, Connecticut.
AmBase Corporation
Summary Results
(in thousands, except per share data)
Twelve Months
2009 2008
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Operating expenses $2,455 $5,191
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Operating loss (2,455) (5,191)
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Interest income 50 353
Other income 50 247
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Loss before income taxes (2,355) (4,591)
Income tax (expense) benefit (56) 160
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Net loss $(2,411) $(4,431)
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Net loss per common share:
Basic $(0.06) $(0.10)
Assuming dilution $(0.06) $(0.10)
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Weighted average common shares outstanding:
Basic 43,152 43,571
Assuming dilution 43,152 43,571
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SOURCE AmBase Corporation
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