Lattice Incorporated Announces Earnings Results for the Third Quarter and Cash Flow Results for the First Nine Months Ended September 30, 2015; Provides Gross Margin Guidance for the Full Year of Fiscal 2015 and Cash Flow Guidance for the Full Year of Fiscal 2016
For the first nine months, the company's operating cash flows were negative $929,000 which compared to a negative $809,000 prior year.
The company provided gross margin guidance for the full year of fiscal 2015 and cash flow guidance for the full year of fiscal 2016. The company expects to track to prior guidance of a blended gross margin for fiscal 2015 in the high 30% to low 40% range.
The company expects to narrow the operating cash flow deficit into 2016 with continued growth in recurring service revenue.