RMG Networks Reports Third Quarter 2014 Results
“A reversal (non-cash benefit) of $2.8 million related to a previously booked loss accrual charge on a long-term contract, resulting from revised estimates for the performance of the contract over its term” is probably the Regus deal.
Operating loss for the quarter ended September 30, 2014 was $18.5 million compared to an operating loss of $5.3 million for the same quarter last year.
3 Comments To "“I’m Not a Slash CEO, I’m a Build CEO”"
#1 Comment By Skeptic On 6 November 2014 @ 15:31 @688
Wow, these guys lose in a quarter more than most of their competitor companies make in a year.
#2 Comment By Cynic On 7 November 2014 @ 01:21 @098
I doubt there were ever 10 people at RMG who knew their arse from a hole in the wall, but there can’t be more than two left. A bunch of financial magic: how to make $80 million disappear. Let the lawsuits begin.
#3 Comment By Benny Hill On 11 November 2014 @ 12:16 @552
“Yakety Sax” instantly starts playing in my head when I read your articles on these guys. Hope they get it together soon.