Clean Diesel Technologies (CDTI) Posts Q2 EPS of 35c; Revises FY16 Outlook
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CDTi Announces Second Quarter Fiscal Year 2016 Financial Results
August 15, 2016 8:03 AM EDTOXNARD, Calif., Aug. 15, 2016 (GLOBE NEWSWIRE) -- Clean Diesel Technologies, Inc. (Nasdaq: CDTI) (CDTi or the Company), a leader in advanced emission control technology, reported its financial results for the second quarter ended June 30, 2016.
Matthew Beale, CDTis CEO, stated, In the second quarter, we achieved important milestones in establishing improved capital and cost structures for the Company. In June, we reached an agreement to convert $8.5 million in debt into the Companys common stock, demonstrating our debtholders confidence in CDTis future. The debt conversion is subject to stockholder approval. In a related transaction, we... More
