Cartesian (CRTN) Swings to Q2 Loss

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Cartesian Reports Second Quarter 2015 Financial Results

August 13, 2015 4:15 PM EDT

OVERLAND PARK, Kan., Aug. 13, 2015 (GLOBE NEWSWIRE) -- Cartesian, Inc. (NASDAQ: CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media industries, reported financial results for the second quarter ended July 4, 2015.

Q2 2015 Operational Highlights

Reorganized senior management to support next stage of development, including appointing Peter Woodward as president, CEO and interim CFO.   Expanded three-year services agreement with an international Tier 1 communications operator, which increased the potential contract revenue by nearly 2.4 times its original value.  ... More