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STR Holdings Announces Preliminary Fourth Quarter 2013 Results
GlobeNewswire - Thu Jan 30, 3:02PM CST
STR Holdings, Inc. (NYSE:STRI) today announced that it expects to record revenue of approximately $6.5 to $6.7 million for the fourth quarter of 2013, which would be its first sequential quarterly sales increase in nine quarters. Projected Adjusted EBITDA for the fourth quarter of 2013 is expected to be ($3.4) to ($3.9) million compared to ($4.6) million in the third quarter of 2013. The Company's cash balance as of December 31, 2013 is estimated to approximate $58 million and its stockholders' equity is anticipated to approximate $111 million.
Dave Edstrom Joins Memex Automation as Chief Technology Officer and Purchases Equity Interest
Marketwire - Thu Jan 30, 3:01PM CST
Astrix Networks Inc., operating as Memex Automation ("Astrix" or the "Company") (TSX VENTURE: OEE), is pleased to announce that Dave Edstrom, recently past President and Chairman of the Board of the MTConnect Institute, has purchased an equity interest in the Company and has joined the senior management team as Chief Technology Officer.