ModusLink (MLNK) Reports Q1 Loss of $0.16/Share

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Go back to ModusLink (MLNK) Reports Q1 Loss of $0.16/Share

ModusLink Reports Financial Results for the First Quarter of Fiscal Year 2017

December 7, 2016 4:32 PM EST

Net revenue of $121.3 million increased $19.8 million or 19.5% versus Q4 of fiscal year 2016 Gross margin of 7.7% improves by 130 basis points versus Q4 of fiscal year 2016 Operating expenses declined by $6.3 million or 29.8% versus Q4 of fiscal year 2016 Operating loss of $5.6 million, a $9.2 million improvement versus Q4 of fiscal year 2016 Turnaround progressing according to plan; on track to deliver targeted annualized Adjusted EBITDA improvement of $32.0 million

WALTHAM, Mass.--(BUSINESS WIRE)-- ModusLink Global Solutions, Inc. (the Company or ModusLink) (NASDAQ:... More