GuestLogix Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2015; Provides Cash Flow Guidance for the Third Quarter 2015
August 12, 2015 at 04:31 am EDT
GuestLogix Inc. reported earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported revenue of $15.4 million compared to $9.0 million a year ago. Adjusted EBITDA was $1.4 million compared to $0.369 million a year ago. Net loss was $3.1 million, compared to a net loss of $1.7 million a year ago. Net loss per share was $0.02 against $0.02 a year ago. Cash used during the quarter, the company had expenditures of approximately $2 million to pay for hardware related to solution.
The company expects the cash flow from operations to be breakeven for the third quarter 2015.