Brief: Towerstream says cash burn for Q2 is expected to be under $2.9 mln
15/03/2016 20:00
March 15 (Reuters) - Towerstream Corp TWER.O :
* Towerstream reports 2015 financial results and corporate
update
* Hetnets tower corporation has closed its operations
effective immediately
* "Our immediate focus is to reduce cash burn, and to ignite
on-net sales model"
* Cash burn for Q2 2016 expected to be under $2.9 million
Source text for Eikon: ID:nGNXMOZICa
Further company coverage: TWER.O
((Bengaluru Newsroom +1 646 223 8780;))
Recent news on Towerstream
See all newsBrief: Towerstream reports reverse split of common stock
Brief: Towerstream sees adjusted EBITDA from continuing operations of $525K excluding non-recurring expenses for quarter ended september 30
Brief: Towerstream entered into registration rights agreement on Nov. 9
Brief: Towerstream Corp has encountered delay in assembling information
Brief: Towerstream provides update on growth initiatives