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BRIEF-Urthecast appoints new cfo and updates guidance

Published 2017-02-21, 07:22 a/m
© Reuters. BRIEF-Urthecast appoints new cfo and updates guidance
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Feb 21 (Reuters) - Urthecast Corp UR.TO :

* Says Sai W. Chu appointed cfo

* Urthecast welcomes new cfo and updates guidance

* Urthecast Corp - urthecast also reports that its 2016 non-ifrs revenue is expected to be approximately $50m

* Urthecast Corp - Nakhleh will continue with urthecast under a consulting arrangement

* Urthecast Corp - for its 2016 adjusted ebitda, urthecast expects to be near top end of previously disclosed range of $4.2 million to $6.2 million

* Urthecast Corp - during q4, wrote down, as a non-cash asset impairment charge, its international space station-based sensors by a further $3.1 million

* Urthecast-Preliminary view for 2017 is for growing non-ifrs revenues, expanding adjusted ebitda margins over 2016 with similar seasonality to that of 2016 Source text for Eikon: ID:nCNWtkn8Da Further company coverage: UR.TO

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