more of the same.

ITE announces 2 new deals and then announces its made another operating loss for the year.A substantial one considering their cash flow and their market cap value.
In fact the announcement, reads just like all previous years since James Maranis has been ceo.
"Due to new contracts falling into the new year we have made a loss of $4mill.. but its dadada.."
Just more of the same tired excuses year after year.
For crying out loud how does it cost 18 million a year to sell software!?
This announcement might suck a few new people into ITE but for old time investors, its only more reason to get out.