OTCPK:RKNLF - Post by User
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1hot-techwomanon Oct 26, 2016 2:43pm
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Post# 25388950
Company says $170-$180 Million Rev for 2017 & 15-20 Profit !
Company says $170-$180 Million Rev for 2017 & 15-20 Profit !Financial Guidance The Company is providing the following financial guidance for Fiscal 2016 and Fiscal 2017: Fiscal 2016 Revenue of between $170 million and $172 million; and, Adjusted EBITDA of between $1 million and $3 million. Fiscal 2017 Revenue of between $170 million and $180 million; and, Adjusted EBITDA of between $15 million and $20 million. Mr. Skoczkowski commented: "As we look out to the remainder of this year and into next, while we continue to be confident in our ability to win new contracts, we expect delays in customer decisions will persist, tempering software license sales and constraining near-term top-line growth. With strong visibility afforded by the expansion of our order backlog throughout Fiscal 2016 and supported by last year's restructuring and our ongoing disciplined cost management, in Fiscal 2017 we expect to generate adjusted EBITDA in the range of $15 to $20 million dollars."