CoroWare Provides Second Quarter 2016 Revenue Guidance
June 15 2016 - 8:38AM
InvestorsHub NewsWire
SOURCE: CoroWare, Inc.
|
Continued Revenue Growth With Focus on Operational
Profitability
BELLEVUE, WA--(NewMediaWire - Jun 15, 2016) - CoroWare, Inc. (OTC PINK: COWI) today provided guidance for the three
months that will end on June 30, 2016 (the "second quarter
2016").
The Company expects to report second quarter 2016 gross revenues
of over $1.7M, and year-over-year growth of over 25% compared with
gross revenues reported in the second quarter of 2015. This
revenue guidance is based on the Company's un-audited second
quarter 2016 financial statements.
The company plans to file its second quarter financial results
with the Securities and Exchange Commission on or before August 15,
2016, and will provide complete details on its second quarter
performance at that time.
About CoroWare, Inc.
CoroWare, Inc., headquartered in Bellevue, Washington, is a
diversified technology and solutions company with expertise in:
- Business Consulting Services: R&D engineering services,
business process workflow, software architecture, design and
development, content management, console, PC and online game
production, marketing coordination and management.
Robotics and Automation: Custom engineering such as visualization,
simulation and software development, mobile robot platforms for
university, government and corporate researchers.
CoroWare's customers are located in North America, Europe, Asia
and the Middle East, spanning multiple industry sectors. CoroWare
partners with universities, software and hardware product
development companies and non-profit organizations. For more
information, please visit www.coroware.com.
Forward-Looking Statement
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
smaller reporting companies, including without limitation, other
risks detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission.
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