Edition:
India

Transenterix Sees Q3 Revenue $1.9 Mln To $2.1 Mln


Friday, 18 Oct 2019 

Oct 17 (Reuters) - Transenterix Inc ::TRANSENTERIX PROVIDES A CORPORATE UPDATE.SEES Q3 REVENUE $1.9 MILLION TO $2.1 MILLION.ENGAGED J.P. MORGAN TO ASSIST ITS BOARD OF DIRECTORS IN EVALUATING STRATEGIC ALTERNATIVES.IMPLEMENTATION OF A RESTRUCTURING PLAN AND CFO TRANSITION.ANNOUNCED THAT JOSEPH P. SLATTERY WILL RETIRE FROM HIS POSITION AS CHIEF FINANCIAL OFFICER ON DECEMBER 31, 2019.JOSEPH P. SLATTERY WILL CONTINUE TO SUPPORT COMPANY AS A CONSULTANT THROUGH JULY 31, 2020.STRATEGIC ALTERNATIVES TO BE CONSIDERED INCLUDE A SALE OF CO, A STRATEGIC PARTNERSHIP, AMONG OTHERS.CONTINUING DEVELOPMENT OF NEXT-GENERATION SENHANCE FEATURES.ON OCT 15, AMENDED PREVIOUSLY-ANNOUNCED AUTOLAP SALE AGREEMENT.Q3 REVENUE VIEW $4.9 MILLION -- REFINITIV IBES DATA.EQUITY INVESTMENT OF $30 MILLION IN ORIGINAL AUTO-LAP AGREEMENT IS NO LONGER AN ELEMENT OF AMENDED TRANSACTION. 

Company Quote

0.25
-0.0018 -0.71%
1:17am IST