$ICLD The Company had net income attributable to

$ICLD The Company had net income attributable to common stockholders of $2.1 million for the third quarter of 2016 compared to a net loss of $(2.9) million for the comparable period of 2015. The increase in net income during the third quarter of 2016 compared to the comparable period of 2015 primarily resulted from an increase in the gain from the change in the fair value of derivative instruments of $10.3 million. Additionally, gross profit increased by $0.7 million. This increase was offset by an increase in salaries and wages of $1.1 million and an increase in the loss on extinguishment of debt of $2.3 million. Salaries and wages includes non-cash stock compensation expense of $1.0 million for the third quarter of 2016 compared to $0.6 million for the comparable period of 2015.

https://finance.yahoo.com/news/intercloud-sys...00973.html

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