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michael duloc
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Palm Coast Data Parent Warns Grimly: Don’t Expect “Profitability in Near Term Or at All”

| September 17, 2013

In the most sobering annual report to investors to date, Palm Coast Data parent Amrep Corp. raises numerous questions about the long-term viability of its operations as debt, recurring losses and competition burden its prospects–and those of what was once Palm Coast’s largest private employer.

Palm Coast Data’s Latest Revenue Down 18.6% Over the Year But Ticks Up in 2012

| September 17, 2012

Palm Coast Data revenue fell to $13.6 million in the quarter ending July 31, compared to $16.5 million a year ago, and $32 million in 2008. Parent-company Amrep Corp. posted its 12th loss of the last 16 quarters.

Palm Coast Data Revenue Now Half Its 2008 Level, When It Signed Job-Creation Deals

| April 10, 2012

Palm Coast Data’s revenue was down to $15.6 million in the last quarter, less than half the $32.2 million it recorded in the quarter preceding its agreement to consolidate in Palm Coast. The company won’t say how many jobs are on its Palm Coast payroll.

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