Concurrent Computer Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017; Withdraws Previously Provided Fiscal 2017 Annual Guidance
May 15, 2017 at 04:01 pm EDT
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Concurrent Computer Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported revenue of $14,981,000 compared with $15,456,000 for the same period in fiscal 2016. Operating loss was $1,573,000 compared with $1,910,000 a year ago. Loss before income taxes was $1,516,000 against $1,618,000 a year ago. Net loss was $1,658,000 compared with $1,176,000 a year ago. Basic and diluted loss per share was $0.18 compared with $0.13 a year ago. Non-GAAP Adjusted LBITDA was $1,007,000 compared with $1,322,000 a year ago. The company did generate cash from operations of $0.6 million during the third quarter.
For the nine months, the company reported revenue of $43,644,000 compared with $43,706,000 for the same period in fiscal 2016. Operating loss was $4,564,000 compared with profit of $696,000 a year ago. Loss before income taxes was $4,301,000 against profit of $1,144,000 a year ago. Net loss was $4,674,000 compared with profit of $1,748,000 a year ago. Basic and diluted loss per share was $0.51 compared with earnings per share were $0.19 a year ago. Non-GAAP Adjusted LBITDA was $2,527,000 compared with $1,589,000 a year ago.
Due to the sale of the Real-Time business segment, the company has withdrawn its previously provided fiscal 2017 annual guidance.
CCUR Holdings, Inc. operates in the financial services industry. The Companyâs subsidiary, Recur Holdings LLC, conducts, holds and manages real estate operations. The Company serves as a co-sponsor to Crixus BH3 Acquisition Company. The Company is further evaluating for acquisition purposes additional operating business and assets to maximize the value of its assets.
Concurrent Computer Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017; Withdraws Previously Provided Fiscal 2017 Annual Guidance