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COMSovereign Holding Corp. Announces Total Preliminary Proforma Revenue of Approximately $11.8 Million for the Full Year Ended December 31, 2019
COMSovereign Holding Corp. Announces Total Preliminary Proforma Revenue of Approximately $11.8 Million for the Full Year Ended December 31, 2019.
About this update from Comsovereign Holding Corp.
[{"type":"text","content":"\n\n\n\nCOMSovereign Holding Corp. Announces Total Preliminary Proforma Revenue of Approximately $11.8 Million for the Full Year Ended December 31, 2019\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCOMSovereign Holding Corp. Announces Total Preliminary Proforma Revenue of Approximately $11.8 Million for the Full Year Ended December 31, 2019\n- Company to Report Fourth Quarter and Full-Year 2019 Audited Financial Results on or before March 30, 2020 -\nPR Newswire\nDALLAS, Feb. 24, 2020\n\n\n\nDALLAS, Feb. 24, 2020 /PRNewswire/ -- COMSovereign Holding Corp. (OTCQB: COMS) (\"COMSovereign\" or the \"Company\"), a US-based pure-play enabler of 5G connectivity and data transmission systems, today reported that based on preliminary unaudited financial information, the Company expects consolidated, pro forma total revenue for the 12-months period ended December 31, 2019 to be approximately $11.8 million. The pro forma results reflect the Company's acquisition of ComSovereign Corp. on November 27, 2019 as if such acquisition had been consummated on January 1, 2019.\n\n \n \n\n \nAdditionally, the Company anticipates that fourth quarter and full-year 2019 audited financial results will be reported on or before March 30, 2020 concurrent and within the Company's Annual Report filed with the SEC on Form 10-K.\nDan Hodges, chairman and CEO of COMSovereign Holding Corp., stated, \"We are pleased to have nearly completed our efforts to transform and integrate the operations of our businesses, highlighted by the acquisition of ComSovereign Corp. in the fourth quarter of 2019. Through this transaction, we have taken a major step towards creating a robust telecommunications technology company with several unique sole-sourcing capabilities and innovative products that we believe will accrete significant market share. With these strategic actions completed, we now expect our sales to ramp-up starting later this year.\"\nAbout COMSovereign Holding Corp.COMSovereign Holding Corp. (OTCQB: COMS) has assembled a portfolio of communications technology companies with combined capabilities w...