Taro said the company estimates its revenue for the year of 2006 to be about $184 million, with a net loss of about $140.7 million. In June, it had projected revenues of $180-$200 million and a net loss of $95-$120 million for 2006. Taro said the losses mounted in 2006 mainly owing to efforts to reduce inventories with wholesalers, price erosion of its certain key products, delay in new product introductions, previous legal and accounting expenses and certain non-cash impairment of assets, including the Company
