Hooper Holmes (HH) Reports Q4 Loss of $0.04/Share
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Hooper Holmes Announces $1.2 Million Investment by Kanon Ventures
March 29, 2016 7:31 AM EDTOLATHE, Kan.--(BUSINESS WIRE)-- Hooper Holmes, Inc. (NYSE MKT: HH) today announced a $1,200,000 private placement of its common stock to 200 NNH, LLC, an affiliate of Kanon Ventures, LLC. Pursuant to a securities purchase agreement executed on March 28, 2016, the Company issued and sold 10,000,000 shares of its common stock to 200 NNH at $0.12 per share, subject to an 18-month lock-up period.
Henry Dubois, President and CEO of Hooper Holmes commented, "This capital will support our growth and liquidity and help continue to drive our business forward. We also look forward to benefitting from Kanon's... More
Hooper Holmes Announces 2015 Financial Results
March 29, 2016 7:30 AM EDTOLATHE, Kan.--(BUSINESS WIRE)-- Hooper Holmes, Inc. (NYSE MKT: HH) today announced financial results for the fourth quarter and full year ended December 31, 2015.
For the fourth quarter of 2015, consolidated revenues from continuing operations totaled $9.5 million, a 42% improvement compared to $6.7 million for the fourth quarter of 2014. The Company performed approximately 152,000 screening units for the fourth quarter of 2015, a 20% improvement compared to 127,000 screening units for the fourth quarter of 2014.
For the year ended December 31, 2015, consolidated revenues from continuing operations were $32.1 million, an increase of approximately 13% from the prior year of $28.5 million, as screening... More
