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| Applied Energetics has consistently made losses since its inception (as Ionatron) in 2002, and over the past decade it has racked up a cumulative loss of nearly $70 million. In 2010 the company's workforce was cut from around 50 employees to only 30, while more recently the firm's directors have cut their own salaries. With sales revenues hitting a record low in fiscal 2011, the company is now considering all available options. Source: Applied Energetics/SEC. |
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