Datawatch (DWCH) Misses Q3 EPS by 15c; Will Review Strategic Alternatives

Datawatch (NASDAQ: DWCH) reported Q3 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $7.4 million versus the consensus estimate of $7.77 million.

Review of Strategic Alternatives

The company also announced its Board of Directors has initiated a process to explore and evaluate a broad range of strategic alternatives for the company to enhance shareholder value. The Company strongly believes in its current business strategy, but does not believe that its current share price accurately reflects its business prospects and strong balance sheet.

Strategic alternatives to be considered may include the acquisition or disposition of assets, joint ventures, the sale of the company, alternative operating models or continuing with the current business plan, among other potential alternatives. Canaccord Genuity is serving as financial advisor to the company.

There can be no assurance that this strategic review process will result in the completion of any transaction or other alternative. The Company has not set a timetable for completion of the review process, and it does not intend to comment further regarding the review process unless a specific transaction or other alternative is approved by the Board of Directors, the review process is concluded or it is otherwise determined that further disclosure is appropriate or required by law.

For earnings history and earnings-related data on Datawatch (DWCH) click here.

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