Monster Digital (MSDI) Reports Q3 Loss of $0.39

November 15, 2016 4:08 PM EST
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Price: $1.50 -2.6%

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Monster Digital (NASDAQ: MSDI) reported Q3 EPS of ($0.39), versus ($0.45) reported last year. Revenue for the quarter came in at $779 thousand, versus $1.7 million reported last year.

David H. Clarke, Chairman and CEO, commented, "Monster Digital's third quarter was disappointing, but we are now seeing a significant improvement in the fourth quarter. Jonathan Clark has been putting into place the proper building blocks and has laid out a strategic sales plan for 2017 and beyond that is designed to launch Monster Digital into a period of sustained growth."

Jonathan Clark added, "I thoroughly relish the opportunity to once again rapidly gain market share by building the bench of professionals and, in turn, develop a brand-based company into a world-class leader. Our future success relies heavily on the existing strengths of the organization; the internationally recognized Monster brand, a superb product line, a good management team with strong accounting and finance under David Olert, focused operations under Marc Matejka, a dedicated sales team and a base of high quality existing and new customers."

For earnings history and earnings-related data on Monster Digital (MSDI) click here.



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