$PSID Company expects full year 2017 revenue t
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Posted On: 08/18/2017 11:31:57 AM
$PSID Company expects full year 2017 revenue to exceed 2016 revenue of $5.6 million
For the quarter ended June 30, 2017, revenues were $1.2 million, compared to $1.8 million for the quarter ended June 30, 2016. Revenues for the first six months of 2017 were $2.5 million, up 20% from $2.0 million compared to the second half of 2016. The decreased revenue for the second quarter of 2017 compared to the prior year quarter was driven primarily by the timing of delivery of projects in the Companys Mobile Labs segment. In the first half of 2017, work progressed on several mobile labs that will be delivered in the second half of this year. As individual projects may be material, revenues from quarter to quarter can vary significantly based on the timing of such deliveries. As a result, quarterly revenue may not reflect results projected over an annual period.
https://finance.yahoo.com/news/positiveid-rep...00488.html
For the quarter ended June 30, 2017, revenues were $1.2 million, compared to $1.8 million for the quarter ended June 30, 2016. Revenues for the first six months of 2017 were $2.5 million, up 20% from $2.0 million compared to the second half of 2016. The decreased revenue for the second quarter of 2017 compared to the prior year quarter was driven primarily by the timing of delivery of projects in the Companys Mobile Labs segment. In the first half of 2017, work progressed on several mobile labs that will be delivered in the second half of this year. As individual projects may be material, revenues from quarter to quarter can vary significantly based on the timing of such deliveries. As a result, quarterly revenue may not reflect results projected over an annual period.
https://finance.yahoo.com/news/positiveid-rep...00488.html
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