OTCPK:EUCTF - Post by User
Post by
Raptorman2013on May 21, 2018 12:38pm
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Post# 28060075
Q1 results expected soon - perhaps this week................
Q1 results expected soon - perhaps this week................The year end results reflect a 62% increase in fiscal year revenue to $2,701,010 compared to $1,664,737 for the year ended December 31, 2016 from continuing operations. On March 15, 2018, the Company announced the initiation of a formal process to explore a broad range of strategic alternatives.
The Board of Directors believes that the Company’s strong balance sheet underpinned by cash and the SICPA GFI earn-out receivable of $1.5 million per year until 2022, with potential incremental upside from now through to 2024, combined with its innovative technologies, places Eurocontrol in a unique position to undertake a strategic transaction.