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BRIEF-Redknee solutions reports Q3 loss $0.11/shr

Published 2016-08-03, 07:25 p/m
© Reuters. BRIEF-Redknee solutions reports Q3 loss $0.11/shr
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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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