Reuters logo
BRIEF-Future Fibre Technologies updates on revised FY17 guidance
May 14, 2017 / 11:09 PM / 5 months ago

BRIEF-Future Fibre Technologies updates on revised FY17 guidance

May 15 (Reuters) - Future Fibre Technologies Ltd:

* EBITDA for FY2017 is anticipated to be in a range of a loss of between $6 million and $9 million.

* Total expenses (including cost of goods & services) for fy2017 are now expected to be in the range of $20 million to $22 million

* In FY2018, it is expected that total operating expenses will be reduced by at least $3 million

* Revised guidance for FY2017 is for sales revenues of between $11 million and $14 million

* Expects fy2018 revenues to be between $16mln and $20mln and with reduced operating costs, to be ebitda positive for the FY2018 year

* Experienced further delays in award of international network security program of which revenue of $1.5 million was expected in FY2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below