RMG Networks (RMGN) Reports Q3 Loss of $0.03
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RMG Networks Reports Robust Sequential Revenue Growth for Third Quarter of 2015
November 12, 2015 6:00 AM ESTDALLAS, TX -- (Marketwired) -- 11/12/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN)
Third Quarter Highlights
Total revenues(1) of $10.2 million increased 9% sequentially Product revenues(1) increased 10% sequentially Professional Services revenue(1) increased 38% sequentially, reflecting increased realization rates Cash operating expenses(1) reduced 10% sequentially Announced multimillion dollar contract to provide transformational retail solution Experienced strong customer acceptance following the launch of largest software platform upgrade in over five years Completed strategic divestiture of Airline Media Network businessRMG Networks Holding Corporation (NASDAQ:... More
