Root9B Technologies Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016; Announces Goodwill Impairment Charges
November 21, 2016 at 05:18 pm
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root9B Technologies Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported net revenue of $8,571,977, loss from operations of $3,712,091, loss before income taxes of $4,962,533, net loss attributable to common stockholders of $5,094,001, basic and diluted per share of $0.06 compared to the net revenue of $6,637,849, loss from operations of $3,549,806, loss before income taxes of $3,868,377, net loss attributable to common stockholders of $4,025,862, basic and diluted per share of $0.05 for the same quarter a year ago.
For the year to date, the company reported net revenue of $25,908,590, loss from operations of $11,942,319, loss before income taxes of $12,899,980, net loss attributable to common stockholders of $13,171,561, basic and diluted per share of $0.16 compared to the net revenue of $24,122,081, loss from operations of $9,359,737, loss before income taxes of $6,329,036, net loss attributable to common stockholders of $4,854,391, basic and diluted per share of $0.07 for the same period a year ago.
The company has announced goodwill impairment of $2,044,477 for the third quarter of 2016.
root9B Holdings, Inc., formerly root9B Technologies, Inc., is engaged in providing cybersecurity, business advisory services principally in regulatory risk mitigation, and energy and controls solutions. The Company helps clients in various industries to provide cyber operations and solutions, mitigate risk, comply with regulations, and leverage and integrate technology. It operates through three segments: Cyber Solutions, IPSA International, Inc. (IPSA)/Business Advisory Solutions, and Energy and Controls Solutions. The Cyber Solutions segment provides cyber security and technology training capabilities, operational support and consulting services. The IPSA/Business Advisory Solutions segment delivers solutions in both regulatory compliance and risk mitigation. The Energy and Controls Solutions segment works with its customers to assess, design and install processes and automation. Its services include cyber operations assessments, forensics, exploitation and defense planning.
Root9B Technologies Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016; Announces Goodwill Impairment Charges