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For the nine months ended 30 September 2017, Sorrento Tech Inc revenues increased 14% to $6.1M. Net loss applicable to common stockholders decreased less than 1% to $25.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Research and Development decrease of 33% to $3.4M (expense), Selling, General and Administrative decrease of 8% to $12.4M (expense).
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 1.91 | 2.14 | 2.04 | 1.91 |
Gross Profit | -0.45 | -0.1 | -0.07 | 0.04 |
Operating Income | 0.28 | -17.42 | -7.29 | -7.37 |
Net Income | 0.06 | -17.75 | -7.6 | -7.46 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 19.82 | 30.68 | 48.68 | 58.56 |
Total Liabilities | 7.36 | 18.52 | 19.13 | 21.68 |
Total Equity | 12.46 | 12.15 | 29.55 | 36.88 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -14.22 | -11.5 | -7.22 | -22.8 |
Cash From Investing Activities | 15.91 | 6.93 | 0.94 | 12.42 |
Cash From Financing Activities | -8.77 | -1.87 | -1.31 | 15.78 |
Net Change in Cash | -7.07 | -6.44 | -7.58 | 5.39 |
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