ModusLink Global Solutions, Inc. (NASDAQ:MLNK) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On December7, 2017, ModusLink Global Solutions, Inc. (the “Registrant”) reported its results of operations for its first quarter ended October31, 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.
ModusLink Global Solutions Inc ExhibitEX-99.1 2 d508536dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE ModusLink Reports Financial Results for the First Quarter of Fiscal Year 2018 Net revenue of $102.5 million declined by 15.5% versus Q1 of fiscal year 2017; decline primarily related to planned client exits; YOY growth anticipated in Q4 of fiscal year 2018 based on several new client and program wins Gross margin of 8.9% improved by 120 basis points versus Q1 of fiscal year 2017 Operating expenses of $12.9 million declined by $2.1 million or 13.8% versus Q1 of fiscal year 2017 Operating loss of $3.8 million,…To view the full exhibit click
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.