Brief: Tintri Sees Q1 Fiscal 2019 GAAP Loss Per Share About $1.14

Tintri

15/06/2018 16:39

June 15 (Reuters) - Tintri Inc  TNTR.O :
    * TINTRI REPORTS PRELIMINARY FIRST QUARTER FISCAL 2019
FINANCIAL
RESULTS AND PROVIDES LIQUIDITY AND BUSINESS UPDATE
    * SEES Q1 GAAP LOSS PER SHARE ABOUT $1.14
    * SEES Q1 REVENUE ABOUT $22 MILLION
    * TINTRI-CURRENTLY IN BREACH OF CERTAIN COVENANTS UNDER
CREDIT
FACILITIES, LIKELY DOES NOT HAVE SUFFICIENT LIQUIDITY TO
CONTINUE ITS OPERATIONS BEYOND JUNE 30
    * CONTINUES TO EVALUATE ITS STRATEGIC OPTIONS, INCLUDING A
SALE OF
COMPANY
    * EVEN IF CO IS ABLE TO SECURE A STRATEGIC TRANSACTION,
THERE IS A
SIGNIFICANT POSSIBILITY THAT COMPANY MAY FILE FOR BANKRUPTCY
PROTECTION
    * COMPANY DOES NOT CURRENTLY HAVE ANY BORROWING CAPACITY
AVAILABLE
UNDER EITHER CREDIT FACILITY
    * EXISTING AND POTENTIAL CUSTOMERS AND SUPPLIERS HAVE
EXPRESSED
CONCERNS REGARDING COMPANY'S FINANCIAL CONDITION
    * EXPECTS ITS BOOKINGS AND REVENUES TO BE SIGNIFICANTLY
IMPACTED
IN Q2 BY ITS LIQUIDITY CONSTRAINTS AND OVERALL FINANCIAL
CONDITION
    * FINANCIAL CONDITION MAY ADVERSELY AFFECT ITS ABILITY TO
CONTINUE
TO ATTRACT AND RETAIN KEY PERSONNEL AND OTHER EMPLOYEES
    * ANTICIPATES FILING QUARTERLY REPORT WITH SEC IN JUNE 2018,
ALTHOUGH AFTER DUE DATE PRESCRIBED BY SEC RULES
    * WILL NOT BE HOLDING A CONFERENCE CALL FOR ITS Q1 FISCAL
2019
FINANCIAL RESULTS
    * Q1 EARNINGS PER SHARE VIEW $-0.64, REVENUE VIEW $20.8
MILLION --
THOMSON REUTERS I/B/E/S

Source text for Eikon:  ID:nBw6JdPVCa 
Further company coverage:  TNTR.O 

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