InterCloud Systems, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2017
November 16, 2017 at 07:30 am EST
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InterCloud Systems, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues were $10,034,000 compared to $19,553,000 a year ago. Loss from operations was $1,195,000 compared to $3,797,000 a year ago. Net loss before income taxes was $5,560,000 compared to profit of $2,071,000 a year ago. Loss from continuing operations was $5,529,000 compared to income from continuing operations of $2,023,000 a year ago. Net loss attributable to InterCloud Systems, Inc. common stockholders was $5,498,000 compared to profit of $2,067,000 a year ago. Basic and diluted loss per share from continuing operations $0.01 compared to income of $0.22 per diluted share a year ago.
For the nine months, the company reported revenues were $32,105,000 compared to $59,776,000 a year ago. Loss from operations was $12,364,000 compared to $11,656,000 a year ago. Net loss before income taxes was $32,233,000 compared to $15,935,000 a year ago. Net loss attributable to InterCloud Systems, Inc. common stockholders was $31,679,000 compared to $15,656,000 a year ago. Basic and diluted loss per share from continuing operations $0.19 compared to $1.85 per diluted share a year ago.
InterCloud Systems, Inc. is a provider of networking orchestration and automation for the Internet of things (IoT), software-defined networking (SDN) and network function virtualization (NFV) environments to the telecommunications service provider (carrier) and corporate enterprise markets. The Companyâs managed services solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing cloud deployment and management. Its professional services group offers SDN solutions to enterprise and service provider customers, including application development teams, analytics and project management. The Companyâs applications and infrastructure division offers enterprise and service provider customers specialty contracting services, including engineering, design, installation and maintenance services of some of the advanced small cell, wireless fidelity (Wi-Fi) and distributed antenna system (DAS) networks.