Mpower Holding said its revenue from continuing operations in the...
Mpower Holding said its revenue from continuing operations in the 4th quarter grew 19.3% to $38 million from the same period a year earlier and its gross margin 101.2% to $17.7 million. It said it reduced its selling, general…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
and administrative (SG&A) costs to $23.3 million in the 4th quarter (to 61.3% of revenue), from 87.4% a year ago. The company reported a $5.4 million EBITDA loss from continuing operations. Mpower said it was “in the final stages” of more than 2 years of financial and operational restructuring and expected “to be EBITDA positive by the end of June.”