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Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Raysearch Laboratories settles dispute with Prowess and restates financial result for 2013

Wednesday, 9 Apr 2014 10:09am EDT 

Raysearch Laboratories publ AB:Settles dispute with Prowess.Will pay Prowess a fixed amount spread out over three years and Prowess will drop the lawsuit.Further details are confidential.Restates FY 2013 financial results in connection with the settlement.Adjust operating loss to 25.7 million Swedish crowns in 2013 instead of an operating profit of 8.8 million crowns as posted in the 2013 year-end report.Adjusts net loss to 20.8 million crowns instead of a net profit of 6.1 million crowns as posted in the 2013 year-end report. 

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