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root9B Technologies Provides 2016 Financial Outlook
root9B Technologies Provides 2016 Financial Outlook.
About this update from Root9b Holdings Inc
[{"type":"text","content":"\n\n\n\nroot9B Technologies Provides 2016 Financial Outlook\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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nroot9B Technologies Provides 2016 Financial Outlook\nForecast Calls for Net Revenue of Approximately $48.0 Million; Cybersecurity Revenue Expected to Increase by 370% from 2015\nExpects Annual Operating Loss to Significantly Narrow, with a Projected Operating Profit by Q4 2016\nAnnounces Corporate Name Change to root9B Holdings\nConference Call Scheduled for Wednesday, May 25, 2016 at 11:00 am ET\nPR Newswire\nNEW YORK, May 24, 2016\n\n\n\nNEW YORK, May 24, 2016 /PRNewswire/ -- root9B Technologies (or \"the Company\") (OTCQB: RTNB) announced today its outlook for certain financial and operating metrics for the year ended December 31, 2016.   \n\nFor the full year, the Company expects to report net revenue of approximately $48.0 million, an increase of 63% from net revenue of $29.4 million in 2015. Revenue generated by root9B, the Company's cybersecurity solutions business, is expected to grow to more than $14.0 million and comprise 30% of total projected 2016 revenue, up from $3.0 million and 10% of revenue in 2015.  Revenue at the IPSA/Business Advisory Solutions segment, which focuses on regulatory risk mitigation, is expected to increase to approximately $33.0 million, up from revenue of $24.6 million in 2015. Revenue generated by the Company's other operations is expected to approximate $1.6 million in 2016.     \n\nOperating loss for 2016 is expected to narrow to approximately $7.0 million from an operating loss of $13.2 million in 2015, a 47% improvement. The improvement will be driven primarily by a combination of higher revenue, a higher proportion of cybersecurity revenue, the impact of previously enacted cost cutting initiatives, a...