ModusLink Global Solutions, Inc. (NASDAQ:MLNK) Files An 8-K Results of Operations and Financial ConditionItem 2.02
On October16, 2017, ModusLink Global Solutions, Inc. (the “Registrant”) reported its results of operations for its fourth quarter and fiscal year ended July31, 2017. A copy of the press release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the Registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
| Item 2.02 | Financial Statements and Exhibits. |
(d) Exhibits.
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ExhibitNo. |
Description |
| 99.1 | Press Release. |
ModusLink Global Solutions Inc ExhibitEX-99.1 2 d638020dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE ModusLink Reports Fourth Quarter and Fiscal Year 2017 Financial Results • Fiscal year 2017 net revenue of $436.6 million declined by 4.9% versus fiscal year 2016 • Fiscal year 2017 gross margin of 8.3% improved by 290 basis points versus fiscal year 2016 • Fiscal year 2017 operating expenses of $56.1 million declined by 14.1% versus fiscal year 2016 • Fiscal year 2017 operating loss of $19.8 million,…To view the full exhibit click here
About ModusLink Global Solutions, Inc. (NASDAQ:MLNK)
ModusLink Global Solutions, Inc. is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc. The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business. As of July 31, 2016, the Company operated in over 20 sites across North America, Europe and the Asia Pacific region. The Company’s Supply Chain Business operation’s solutions include material planning and factory supply; value-added warehousing and distribution; aftermarket services, including product returns management and product repair and recovery, and e-business, including e-commerce, contact center, entitlement management and financial management.
