Reports Q4 revenue $6.07M vs. $10.27M last year. Revenue was unfavorably impacted by the termination of a $2.9M licensing agreement. Results also reflect a $6.66M allowance for bad debt and a $1.04M write-off of obsolete inventory. “Our full year results reflect a year of meaningful strategic progress and continued advancement of our priority growth initiatives,” said CEO Jack Ross
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNYR: