Jovita Baltrusaityte

CyberDefender Corporation (NASDAQ:CYDE) Going Down, Win 7 Security 2011 Still Out There

by Jovita Baltrusaityte April 20, 2011

In addition, the annual financial report wasn't positive. The company was unable to cover its current liabilities which are over 20 million dollars, while current assets are less than 9 million dollars. As of December 31, 2010 CYDE has a long-term debt of $9,994,000, which isn't an accomplishment as well.

Despite all of that, the operating loss has doubled: in 2009 it was $17,579 thousand, while in 2010 it has reached $37,635 thousand.

It seems that CyberDefender Corp. needs to work a lot in order to get out of this difficult situation. Even the appearance of rogueware Win 7 Security 2011 does not help in any way (be sure you remove it as soon as possible by following the instructions).

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