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BRIEF-Baylin Technologies Announces Preliminary Q3 2019 Financials

Published 2019-09-18, 04:15 p/m
BRIEF-Baylin Technologies Announces Preliminary Q3 2019 Financials
BYL
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Sept 18 (Reuters) - Baylin Technologies Inc BYL.TO :

* BAYLIN TECHNOLOGIES ANNOUNCES PRELIMINARY Q3 2019 FINANCIALS

* SEES Q3 2019 REVENUE C$35 MILLION TO C$37 MILLION

* Q3 FINANCIAL METRICS ARE EXPECTED TO FALL BELOW CONSENSUS EXPECTATIONS

* SEES Q3 ADJUSTED EBITDA TO BE IN RANGE OF $1.0-1.5 MILLION

* Q3 2019 RESULTS WILL NOT MEET EXPECTATIONS

* EXPECTS ITS INFRASTRUCTURE GROUP'S REVENUE PERFORMANCE WILL BE BELOW BUDGET FOR THIS FISCAL YEAR

* ONGOING HISTORICAL LEGACY ISSUES OF ADVANTECH WIRELESS WHICH ARE PROGRESSING SLOWER THAN ANTICIPATED

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