Astea International Incorporation Announces Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2017
For the first nine months, the company reported revenues of $18.4 million compared to revenues of $16.7 million for the same period of 2016. The net loss available to shareholders was $1.1 million or $0.30 per share compared to a net loss to shareholders of $2 million or $0.55 per share for the same period of 2016. Adjusted EBITDA was negative $0.5 million compared to negative $1.2 million for the same period of 2016.
The company provided earnings guidance for the fourth quarter and full year of fiscal 2017. The company expects to have a good quarter in the fourth quarter. The company expects to be profitable in the fourth quarter.
The company doesn't expect that it will enough profits to make the full year profitable.