Reuters logo
BRIEF-Cartesian reports Q1 loss per share of $0.17
May 15, 2017 / 8:20 PM / 7 months ago

BRIEF-Cartesian reports Q1 loss per share of $0.17

May 15 (Reuters) - Cartesian Inc

* Cartesian reports first quarter 2017 financial results

* Q1 GAAP loss per share $0.17

* Q1 adjusted non-GAAP loss per share $0.09

* Revenues in q1 of 2017 decreased by 30 pct to $14.3 million from $20.3 million in same year-ago period

* “Our Q1 revenues were impacted by delayed project starts within several existing and new clients”

* On a non-GAAP constant currency basis, revenues in Q1 of 2017 were $15.8 million, a decrease of 22 pct

* “We expect revenues to improve going forward but our results demonstrate need to accelerate evolution of our business” 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