MyCelx Technologies Corporation Reports Sales Results for the First Half of Fiscal Year 2015; Provides Revenue Guidance for the Fiscal Year 2015
Given the adverse market conditions which have resulted in cancellations and delays in capital approvals for major projects across the industry, MYCELX is updating its guidance on fiscal year 2015 outlook. MyCelx Technologies Corporation noted that were there to be no new contract wins and based on the current run rate, it expects total revenue would be in the range of $15 million to $16.5 million, representing a 10% to 20% improvement on fiscal year 2014.