Pivot Technology Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Capital Expenditure Guidance for the Full Year 2017
For the year to date, the company reported, revenue of $732,224,000, income before extraordinary items of $5,742,000, income before income taxes of negative $3,552,000, income for the period attributable to shareholders of negative $2,106,000, adjusted EBITDA of $5,742,000, adjusted EBITDA exclude gts results of operations of $5,742,000, compared to revenue of $706,495,000, income before extraordinary items of $10,574,000, income before income taxes of negative $3,380,000, income for the period attributable to shareholders of negative $4,077,000, adjusted EBITDA of $10,574,000, adjusted EBITDA exclude gts results of operations of $10,362,000, for the same period a year ago. Basic and diluted loss per share was $0.05 against $0.10 a year ago.
Capex plan for 2017 is to spend approximately $3 million in 2017.