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Stock Market & Financial Investment News

News Breaks
April 8, 2014
09:17 EDTICLDIntercloud Systems reports Q4 EPS with items ($3.24) vs. (91c) a year ago
Reports Q4 revenue $11.8M vs. $11.2M a year ago. InterCloud eliminated approximately $12M in preferred stock obligations and other liabilities during Q4 and total charges related to derivative liabilities resulted in a $13.7M expense to Q4 net loss. The increases to the derivative liabilities were primarily as a result of increases in the company's stock price and were non-cash items. CEO Mark Munro stated: "In addition to substantially improving our pro-forma adjusted EBITDA, we are pleased with the improvements to our balance sheet. With our improved operations, we were able to eliminate the remaining outstanding convertible preferred stock and other indebtedness that the company incurred as part of its earlier growth stage, thereby streamlining our balance sheet."
News For ICLD From The Last 14 Days
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July 17, 2015
07:50 EDTICLDIntercloud Systems announces new contracts valued over $2.3M
InterCloud Systems announced that it was recently awarded over $2.3M in next-generation WiFi and DAS networks from existing and new clients. The work on these projects is expected to be completed between Q3 and Q4 of 2015.

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