- Adept Technology (ADEP +19.6%) soars after reporting a 25% sequential increase in revenue and a 330 bps Q/Q improvement in gross margin.
- The company's operating loss also narrowed considerably during the quarter.
- EBITDA was positive ($186K) versus an adjusted EBITDA loss of $1.1M in FQ3.
- "Fiscal 2013 was a year of transition for Adept, in which we embarked on a major restructuring. Our efforts have yielded initial favorable results, as we begin to stabilize and grow the business," CEO Rob Cain says. (PR)
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From other sites
at MarketWatch.com (Aug 25, 2014)
at CNBC.com (Aug 25, 2014)
at CNBC.com (Jan 25, 2012)
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