- NASDAQ:KEYW Holding expects Q2 revenue of $72.5M-$74.5M, a range largely above a $72.6M consensus. Adjusted EBITDA is expected to total $4.8M-$5.2M, and net loss $2.5M-$2.9M.
- The cybersecurity hardware/software provider also announces it's selling $125M worth of convertible senior notes due June 2019. Underwriters will have an $18.75M overallotment option.
- Proceeds will be used to pay down outstanding credit facility balances. KEYW had $85.3M in debt as of March 31.
- Full Q2 results arrive on July 31.