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BRIEF-Baylin Announces Financial Results For Q1 Of 2020

Published 2020-06-16, 05:50 p/m
BYL
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June 16 (Reuters) - Baylin Technologies Inc BYL.TO :

* BAYLIN ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2020

* Q1 REVENUE FELL 31 PERCENT TO C$26.9 MILLION

* BAYLIN TECHNOLOGIES - HAS HAD NO REPORTED CASES OF COVID-19 BY ANY OF ITS EMPLOYEES IN ANY COUNTRY

* QTRLY LOSS PER SHARE $0.06

* EXPECTS HIGHER REVENUE IN EACH OF REMAINING QUARTERS IN 2020 COMPARED TO Q1 OF 2020

* BAYLIN TECHNOLOGIES - MASSIVE MIMO UNIT FACTORY CONSTRUCTION IN VIETNAM HAS BEEN DELAYED DUE TO TRAVEL RESTRICTIONS

* BAYLIN TECHNOLOGIES - DOES NOT EXPECT PRODUCTION AT MASSIVE MIMO UNIT FACTORY IN VIETNAM TO BEGIN UNTIL Q4 OF THIS YEAR

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