Key Energy Services Inc. (KEGX)

[davidsson10]

"The Company expects to report revenues and net loss of approximately $95.0 million and $92.8 million, respectively, for the three months ended June 30, 2016, as compared to revenues and net loss of approximately $197.4 million and $65.4 million for the three months ended June 30, 2015. Included in the 2015 second quarter net loss is a non-cash impairment charge of approximately $21.3 million. No impairment charge was taken in the 2016 second quarter. Our revenues declined substantially and our net loss increased in the current period relative to the prior year period due to continuing deterioration in industry conditions, which has reduced the demand for our services and the prices we can charge for our services, and, as a result, our cash flows and results of operations."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11537645