Company president/CEO James F. Slattery isn't discouraged by the red ink. In a prepared statement, he expects 2002 revenue of about $150 million; a contribution from operations of about $14.5 million; and earnings per share in the 18 cents to 25-cent range.
In first quarter 2002, Slattery is aiming for revenue of about $40 million; operations revenue of $3.5 million; and earnings per share of about four cents.
"We believe our underutilized Texas adult beds will continue to show increased utilization by federal agencies and our community corrections and after-care program expertise will open many new business opportunities," Slattery says.
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