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Kaboose Inc.

12:07 PM EST - Kaboose Inc. : reported that its fourth-quarter net loss was $65.1 million or $0.46 per share, compared to net income of $1.73 million or $0.02 per share, in the fourth quarter of 2007. The result includes $1.47 million in foreign exchange gains in the fourth quarter of 2008, compared to a loss of $0.01 million in the same quarter of 2007. Revenue for the quarter increased 80 per cent to $21.52 million from $11.97 million in the same quarter last year. Kaboose Inc. shares T.KAB are trading up $0.14 at $0.57.