Software and services provider Publishing Technology announced that their recognized revenues and operating loss for 2014 will be “materially below market expectations.” One part was planned, as the company implemented a realignment of revenue recognition that reduces 2014’s results and will boost sales and margins in 2015 and 2016. The second part, however, is attributed to “one major advance project, the scope of which has changed since inception.” Separately, the company said it “is in early stage discussions with an overseas third party” interested in making “a substantial investment” in Publishing Technology. They are discussing the sale of “a considerable minority interest,” via the issuing […]
