TORONTO, Oct. 3, 2016 /CNW/ - Baylin Technologies Inc. ("Baylin") (BYL.TO) today announced it expects to report third quarter fiscal 2016 Revenue that will be materially higher than analyst consensus estimates for the quarter.
Baylin anticipates reporting Revenue in the range of US$16.5 million to US$17 million for the third quarter of 2016. This exceeds analyst estimates for the quarter by approximately US$2.5M. This result will represent the highest quarterly Revenue since becoming a public company in November 2013. Infrastructure product Revenues were the main source of the increase.
President and CEO, Mr. Randy Dewey, stated: "I am pleased with this now fourth consecutive quarter of year over year Revenue growth. We are encouraged by our continued progress improving Baylin's financial performance and strategic positioning. Additionally, we have recently won three major North American customers in Infrastructure that we expect will boost our outlook for 2017."
Full third quarter 2016 results will be released the last week of October.
Baylin (BYL.TO) is a leading global wireless technology management company. Baylin focuses on design, development, manufacturing and delivery of leading wireless products and services. We aspire to meet our customers' needs and anticipate the direction of the market.
SOURCE Baylin Technologies Inc.
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For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., email@example.com