International adjuster Lindsey Morden (TSX: LM) says its net loss widen to $2.9 million ($0.21 per share) for the second quarter ending June 30, 2004. This compares to a net loss of $2.6 million ($0.19 per share) for the same period in 2003.Overall revenue was down to $102.1 million for the most recent quarter from $103.0 million the year before and much of the decline was felt in continuing operations. At the same time, operating costs shot up to $99.8 million from $96.3 million over the same comparative period.Revenue declines came from the U.S. and international operations, which could not be recovered by revenue gains in Canada, Europe and the U.K.Operating earnings were up in Canada and Europe, but not enough to compensate for declining earnings in other segments.For the first six months of 2004, Lindsey Morden posted a net loss of $24.0 million ($1.73 per share) compared to a loss of $4.6 million ($0.33 per share) in the first half of 2003. Revenue for the first half of 2004 was down slightly to $205.7 million from $207.0 million a year prior, and operating costs rose to $198.6 million from $195.7 million over the same comparative period.
A cyber side effect of the CrowdStrike outage
Although direct insured losses from the CrowdStrike software update error weren’t as large as expected, threat actors did try capitalizing on the resulting ‘blue screen of death’ errors to maximize damage, a CFC executive said during a recent webinar. On the morning of July 19, endpoint security company CrowdStrike released an update to its Falcon […]
By Jason Contant | September 10, 2024
3 min read