Ability (ABIL) Posts Q3 Loss of 4c/Share
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Ability, Inc. Reports Third Quarter Financial Results
November 15, 2016 6:00 AM ESTTEL AVIV, Israel, Nov. 15, 2016 /PRNewswire/ --Â Ability, Inc. (NASDAQ: ABIL), a leading provider of innovative tactical communications intelligence solutions, today announced its financial results for the three and nine months ended September 30, 2016.
"We completed our first ULIN sale, to a Latin American government, and booked the initial revenue for this deal," commented Anatoly Hurgin, Ability's Chief Executive Officer. "We recognized approximately $400,000 for this $5.1 million sale in the third quarter, and expect to recognize approximately $1.3 million each of the next three quarters and approximately $800,000 in the third quarter of 2017.... More
