OTCPK:RKNLF - Post by User
Post by
srtman03on Feb 08, 2017 12:04pm
231 Views
Post# 25816729
Looking foward to Q1/2017 Thurs morning !!!
Looking foward to Q1/2017 Thurs morning !!!Looking for better times ahead for Redknee !! 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."