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United States

Optiva Inc (OPT.TO)

OPT.TO on Toronto Stock Exchange

52.00CAD
20 Apr 2018
Change (% chg)

$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Redknee Solutions Q1 Loss Per Share $0.25
Wednesday, 7 Feb 2018 07:20pm EST 

Feb 7 (Reuters) - Redknee Solutions Inc ::. (DBA OPTIVA INC.) REPORTS FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 LOSS PER SHARE $0.25.QTRLY REVENUE TOTALED $34.4 MILLION COMPARED TO $37.2 MILLION.REDKNEE SOLUTIONS - ‍ DURING Q1, 2018 AND SUBSEQUENT PERIOD, TERMINATED ABOUT 520 EMPLOYEES GLOBALLY​.  Full Article

Redknee Solutions Reports Q4 Net Loss Of $0.07 Per Share
Wednesday, 6 Dec 2017 09:35pm EST 

Dec 6 (Reuters) - Redknee Solutions Inc ::REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2017 RESULTS.QTRLY REVENUE TOTALLED $33.8 MILLION VERSUS $40.7 MILLION.QTRLY NET LOSS PER SHARE IS $0.07‍​.EXPECT TO SEE REVENUE SHRINKING FURTHER IN 2018 AND POTENTIALLY INTO 2019 UNTIL RESTRUCTURING IS FULLY COMPLETED‍​.  Full Article

Redknee Solutions Inc provides update on rights offering
Friday, 1 Sep 2017 07:00am EDT 

Sept 1 (Reuters) - Redknee Solutions Inc :Redknee Solutions Inc provides update on rights offering.Redknee Solutions- a total 108.5 million subordinate voting shares to be issued upon closing of rights offering for aggregate proceeds of about Cdn$68 million.  Full Article

Redknee Solutions posts Q3 loss of $0.25 per share
Wednesday, 9 Aug 2017 10:34pm EDT 

Aug 9 (Reuters) - Redknee Solutions Inc :Redknee Solutions reports third quarter fiscal 2017 results.Qtrly revenue was $32.6 million compared to $40.5 million.Order backlog of $151.2 million at June 30, 2017.Says incurred restructuring costs of $14.3 million in quarter.Qtrly loss per share $0.25.  Full Article

Terago names David Charron chief financial officer
Monday, 10 Jul 2017 08:15am EDT 

July 10 (Reuters) - Terago Inc :Terago announces David Charron as incoming chief financial officer.Terago says Charron's appointment as CFO to be effective on or about September 5, 2017.Terago - Charron's pending departure from Redknee and start at Terago will occur after completion of Redknee's previously announced rights offering.  Full Article

Redknee announces standby purchase agreement in furtherance of its strategic plan
Friday, 9 Jun 2017 07:00am EDT 

June 9 (Reuters) - Redknee Solutions Inc -:Redknee announces standby purchase agreement in furtherance of its strategic plan.Says is also announcing certain leadership changes in connection with restructuring.Redknee Solutions - has entered into a standby purchase agreement with wave systems and esw in connection with launching of an about us$54 million rights offering.Redknee Solutions Inc - net proceeds of rights offering will be used to fund a restructuring of business in furtherance of previously announced strategic plan.Says plans to reduce headcount worldwide by approximately 500 employees.Redknee Solutions - expects that majority of net proceeds from rights offering will be used to fund associated employee severance payments.Says david charron, chief financial officer, will be departing from redknee.Redknee Solutions - in consideration solely for standby commitment, will issue to wave a subordinate voting share purchase warrant.Says David Charron will remain in his role as cfo until rights offering is closed.Says Anin Basu will assume role of CFO on an interim basis.Says following charron's departure, board will undertake a formal search process for a permanent cfo.  Full Article

Redknee reports proposed transaction in furtherance of its strategic plan
Tuesday, 16 May 2017 07:53am EDT 

May 16 (Reuters) - Redknee Solutions Inc ::Redknee announces proposed transaction in furtherance of its strategic plan.Redknee Solutions -entered non-binding letter of intent in respect of proposed transaction that will accelerate co's previously announced strategic plan.Redknee Solutions -deal will be comprised of rights offering by co for subscription price per right of up to canadian dollar equivalent of US$0.50.Redknee Solutions -contemporaneously with closing of rights offering, will enter into a services agreement with Crossover Markets Inc.Redknee Solutions Inc says will also enter a technology services agreement with Devfactory FZ-Llc.Redknee Solutions -rights offering to be backstopped by wave systems, an affiliate of esw capital, for amount of rights of up to 100 pct of rights offering.Redknee Solutions -in connection with proposed transaction, wave will be granted warrant to acquire 2.5 million subordinate voting shares at US$0.50/share as fee.  Full Article

Redknee Solutions Q1 loss per share $0.14
Wednesday, 10 May 2017 05:46pm EDT 

May 10 (Reuters) - Redknee Solutions Inc ::Redknee Solutions reports first quarter fiscal 2017 results.Qtrly revenue was $34.4 million compared to $39.8 million.Q1 loss per share $0.14.Order backlog of $161.4 million at march 31, 2017.Q2 earnings per share view $-0.04, revenue view $35.0 million -- Thomson Reuters I/B/E/S.Says expects that this restructuring will generate annualized savings of $50 to $60 million over next 18 to 24 months.Says intends to reinvest cost savings into customer success and to execute on its $100 million product revitalization plan.Redknee solutions - independent directors have engaged independent advisors to assist in consideration of financing options to fund this restructuring.Says has begun its restructuring activities and announces departure of cto, ralf guckert.Redknee Solutions inc says "as company continues implementing further restructuring activities, it anticipates additional executive departures".  Full Article

Redknee announces new strategic plan
Thursday, 23 Feb 2017 07:00am EST 

Redknee Solutions Inc : Redknee announces new strategic plan for long-term growth and sustained profitability . Company intends to create two major operating units: . "strategic global accounts" and "packaged and cloud solutions" . Intends to wind down non-telecom operations outside scope of these two operating units . Strategic plan includes a corporate restructuring scale of which is based on a go-forward revenue base of $120 million . Estimates restructuring will require $60 million in capital that is expected to be financed through an equity raise . Restructuring is expected to be completed in 2018 . Company also announced its intention to eliminating reporting on non-IFRS measures .Redknee Solutions - management will review company's other financial and operational policies to align with new goals of simplification and focus.  Full Article

Redknee Solutions reports Q1 fiscal 2017 results
Wednesday, 8 Feb 2017 06:26pm EST 

Redknee Solutions Inc : Redknee Solutions reports first quarter fiscal 2017 results . Redknee Solutions Inc qtrly revenue was $37.2 million compared to $50.1 million . Board of directors concluded that there are opportunities to further restructure business . Redknee Solutions Inc qtrly loss per share $0.06 . Redknee Solutions Inc - Order backlog of $162.1 million at December 31, 2016 . Redknee Solutions Inc- Withdrawing financial guidance it had previously provided for fiscal 2017 for revenues of between $170 million and $180 million . Redknee Solutions - Board directed management to develop various restructuring proposals with specific focus on realizing additional cost savings .Redknee Solutions Inc- Withdrawing financial guidance it had previously provided for fiscal 2017 for adjusted EBITDA of between $15 million and $20 million.  Full Article

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