Brief: Redknee solutions reports Q3 loss $0.11/shr

Optiva

03/08/2016 23:51

Aug 3 (Reuters) - Redknee Solutions Inc  RKN.TO  
    * Redknee Solutions reports third quarter fiscal 2016 
results 
    * Qtrly net loss was $12.3 million, or $0.11 loss per share 
(including $4.1 million in restructuring costs) 
    * "we expect that our backlog will contribute to increased 
revenue visibility for fiscal year 2017" 
    * Sees fiscal 2017 revenue of between $170 million and $180 
million 
    * Qtrly revenue totalled $40.5 million compared to $46.7 
million 
    * Qtrly order backlog increased both year-over-year and 
sequentially to a record $180.7 million 
    * Sees fiscal 2016 revenue of between $170 million and $172 
million 
    * "in fiscal 2017 we expect to generate adjusted ebitda in 
range of $15 to $20 million dollars" 
 
Source text for Eikon:  ID:nCNWBX4Ga  
Further company coverage:  RKN.TO  
 
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