CoroWare, Inc.>>>provided guidance for its>>>fourt
Post# of 230
Posted On: 02/07/2016 12:40:10 AM
CoroWare, Inc.>>>provided guidance for its>>>fourth quarter 2015 gross revenues.
The Company expects to report record fourth quarter 2015 gross revenues of over $1.7M, and quarter-over-quarter growth of over 25% compared with gross revenues reported in the third quarter of 2015. The revenue guidance is based on unaudited Company fourth quarter 2015 financial statements.
The higher than expected results are due to a combination of new customer engagements, including the delivery of marketing support services; and repeat customer engagements, including the delivery of supplier support, desktop support, and R&D support services.
"I am pleased to report that CoroWare achieved solid quarter-over-quarter growth of its contract services and outsourced managed services," said Lloyd Spencer, president and CEO of CoroWare, Inc. "In the coming quarter, CoroWare shall be focusing on improving operational efficiency, achieving profitability, extinguishing convertible debt, and delivering value to its shareholders."
The Company expects to report record fourth quarter 2015 gross revenues of over $1.7M, and quarter-over-quarter growth of over 25% compared with gross revenues reported in the third quarter of 2015. The revenue guidance is based on unaudited Company fourth quarter 2015 financial statements.
The higher than expected results are due to a combination of new customer engagements, including the delivery of marketing support services; and repeat customer engagements, including the delivery of supplier support, desktop support, and R&D support services.
"I am pleased to report that CoroWare achieved solid quarter-over-quarter growth of its contract services and outsourced managed services," said Lloyd Spencer, president and CEO of CoroWare, Inc. "In the coming quarter, CoroWare shall be focusing on improving operational efficiency, achieving profitability, extinguishing convertible debt, and delivering value to its shareholders."
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