Crossroads Systems (CRDS) Reports Q4 Loss of $0.20

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Crossroads Systems Reports Fiscal Fourth Quarter and Full Year 2016 Financial Results

December 13, 2016 4:05 PM EST

AUSTIN, Texas, Dec. 13, 2016 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS), an intellectual property licensing company, reported financial results for its fiscal fourth quarter and year ended October 31, 2016.

On March 22, 2016, Crossroads sold its product business to Canadian-based StrongBox Data Solutions, Inc. The presentation of the company's quarterly financial results excludes product revenues and expenses, which are now reflected as discontinued operations.

Fiscal Q4 and Full Year 2016 Financial ResultsIntellectual property ("IP") license revenue for the fiscal fourth... More