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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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October 16, 2014
07:46 EDTICLDIntercloud Systems appoints Timothy Larkin as CFO
InterCloud (ICLD) announced that it has hired Timothy A. Larkin as its new CFO. Prior to joining InterCloud Systems, Larkin served as CFO of Warren Resources (WRES).
07:22 EDTICLDRedChip Companies to hold a virtual conference
Global Online CEO Conference is being held on October 15-16 with webcasted presentations to begin on October 16 at 10 am. Webcast Link
October 14, 2014
14:04 EDTICLDIntercloud Systems to host business news update conference call
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