LasikInvestor

Don't Lose Sight of LCA Vision's Value

There is no way this Company will be cash flow positive in 2009. They had GAAP EBITDA of $179,000 in Q1 09 but that includes $2,753,000 of noncash amortization of deferred revenues. If they burned cash in the seasonally strongest quarter of the year there will be alot more cash burned as the year progresses.