Tuesday, March 14, 2017 4:42:27 PM
The toxic debt is GONE, you're looking at a business that has been leveraging it's position out of growth and taking mis-steps. They have shored up the debt and are CLEARLY moving to a PROFIT MACHINE.
They leverage to buy infrastructure to fulfill businesses needs. This is the clear ebb and flow of business.
Revenue of $78.0 Million in 2016, $19.8M in gross profits, Debt reduced by $27.4 million, Operating Expenses reduced by $7.8 million
2017 is going to be a MONSTER!
https://globenewswire.com/news-release/2017/03/14/936365/0/en/InterCloud-Systems-Reports-Full-Year-2016-Results.html
Mar 14, 2017 InterCloud Systems Reports Full Year 2016 Results
Mar 10, 2017 InterCloud Systems Awarded New Contracts Valued at Approximately $2.4 Million
Mar 1, 2017 InterCloud Reduces Convertible Debt with the sale of High Wire Business Division
Feb 9, 2017 InterCloud Systems Awarded Over $400K of New Contracts
Jan 12, 2017 InterCloud Systems Begins New Year with over $200K in New Contracts
Dec 20, 2016 InterCloud Systems Awarded Additional New Contracts Valued at Approximately $600,000
Dec 1, 2016 InterCloud Systems Awarded Additional New Contracts Valued at Approximately $1.0 Million and Continues to Reduce Debt
Nov 22, 2016 InterCloud Systems Awarded New Contracts Valued at Over $2.0 Million
Nov 9, 2016 InterCloud Systems Reports Third Quarter Results
Nov 7, 2016 InterCloud Announces Conference Call to Discuss Third Quarter 2016 Financial Results
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