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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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October 28, 2014
15:04 EDTICLDIntercloud Systems management to meet with Craig-Hallum
Meetings to be held in Minneapolis on November 3-4 hosted by Craig-Hallum.
October 27, 2014
09:08 EDTICLDIntercloud Systems awarded $347K professional services contract
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