Monster Digital (MSDI) Reports Q3 Loss of $0.39

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Go back to Monster Digital (MSDI) Reports Q3 Loss of $0.39

Monster Digital, Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2016

November 15, 2016 4:05 PM EST

SIMI VALLEY, CA -- (Marketwired) -- 11/15/16 -- Monster Digital, Inc. (NASDAQ: MSDI), ("Monster Digital" or "the Company"), which develops, markets and distributes Monster Digital branded products for use in high-performance consumer electronics, mobile products and computing applications, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2016.

Monster Digital reported revenues of $779,000 for the three-month period ended September 30, 2016 compared to revenues of $1.7 million for the comparable 2015 fiscal period. The Company implemented a strategic pricing decision for its digital storage product line that negatively impacted sales, particularly in... More