Brief: Redknee Solutions reports Q1 fiscal 2017 results

Optiva

08/02/2017 23:26

Feb 8 (Reuters) - Redknee Solutions Inc  RKN.TO  
    * Redknee Solutions reports first quarter fiscal 2017 
results 
    * Redknee Solutions Inc qtrly revenue was $37.2 million 
compared to $50.1 million 
    * Board of directors concluded that there are opportunities 
to further restructure business 
    * Redknee Solutions Inc qtrly loss per share $0.06 
    * Redknee Solutions Inc - Order backlog of $162.1 million at 
December 31, 2016 
    * Redknee Solutions Inc- Withdrawing financial guidance it 
had previously provided for fiscal 2017 for revenues of between 
$170 million and $180 million 
    * Redknee Solutions - Board directed management to develop 
various restructuring proposals with specific focus on realizing 
additional cost savings 
    * Redknee Solutions Inc-  Withdrawing financial guidance it 
had previously provided for fiscal 2017 for adjusted EBITDA of 
between $15 million and $20 million 
 
Source text for Eikon:  ID:nCNW2rDbva  
Further company coverage:  RKN.TO  
 
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