Brief: Insignia Systems Q4 loss per share $0.06

Bloomia Holdings

03/03/2017 12:46

March 3 (Reuters) - Insignia Systems Inc  ISIG.O  
    * Q4 loss per share $0.06 
    * Insignia Systems Inc - total net sales decreased 22.8% to 
$5.7 million in Q4 2016 
    * Insignia Systems Inc - expecting a net loss in Q1 driven 
by reduced revenues 
    * Insignia Systems Inc - current pops bookings for Q1 2017 
are $4.4 million, compared to $5.6 million for Q1 2016 
    * Insignia Systems Inc - total bookings for pops programs 
set to run in final three quarters of 2017 is $8.6 million 
versus $8.4 million 
    * Insignia Systems Inc - "company decided to discontinue 
sales of like machine, effective March 31st, 2017" 
    * Insignia Systems Inc - in 2017, reducing overall costs and 
implementing a $1 million cost reduction plan 
    * Insignia Systems Inc - Q1'17 revenue projecting to be  
below q1'16 - SEC filing 
    * Insignia Systems Inc - expects new sales opportunities in 
back half of 2017 
    * Insignia Systems Inc - projecting a loss for 2017 due to 
investments necessary to restart revenue growth 
 
Source text for Eikon: (http://bit.ly/2lBSfis) 
Further company coverage:  ISIG.O  
 
 ((bangalore.newsroom@thomsonreuters.com;))