Drugmax.com, Largo, FL, a business-to-business trade exchange for pharmaceuticals, reported a net loss $2 million for the year ended March 31, its first full year in business.
The company attributed the loss to an increase in marketing and Web site development expenses as well as increased payroll for its expanding staff, and $495,043 amortization of goodwill associated with the acquisition of Becan Distributors.
Revenues were $21.1 million.
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