while quarterly results were ahead of expectations and annual operating expense guidance has been reduced, we expect the market to continue to focus on the Company's ability to continue as a going concern given the Company's need for a second round of covenant relief by the end of the second quarter to avoid default on its outstanding debt.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
ANNOUNCES 1Q16 RESULTS
while quarterly results were ahead of expectations and annual operating expense guidance has been reduced, we expect the market to continue to focus on the Company's ability to continue as a going concern given the Company's need for a second round of covenant relief by the end of the second quarter to avoid default on its outstanding debt.