March 14, 2017 / 10:27 AM / in 8 months

BRIEF-Cambium Learning Group reports fourth quarter 2016 financial results

March 14 (Reuters) - Cambium Learning Group Inc

* Cambium Learning Group reports fourth quarter 2016 financial results

* Q4 revenue rose 5 percent to $37.5 million

* Bookings increased 2% for year ended December 31, 2016 compared to 2015

* Expects 2017 company-wide bookings growth to be in a range from 6% to low double-digit percentage growth

* Cambium Learning Group Inc - expects 2017 capital expenditures for product development to be roughly consistent with $17.3 million expended in 2016

* Sees 2017 general capital expenditures to be roughly consistent with $2.7 million expended in 2016

* Cambium Learning Group - sees 2017 cash income margin to grow between 1-3 percent points, sees 2017 adjusted EBITDA margin to be roughly consistent with 2016

* Net income of $2.9 million during Q4 of 2016 compared to a net loss of $2.8 million during Q4 of 2015 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
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