KIT Digital (KITD -7%) plummets despite Q4 results that show earnings and revenues ahead of...

|About: KIT digital, Inc. (KITD)|By:, SA News Editor

KIT Digital (KITD -7%) plummets despite Q4 results that show earnings and revenues ahead of analyst estimates. The provider of video management software warns it does not expect to generate positive free cash flow in Q1 due to additional investments in the business, and says temporary cash outlays will be required to support large client implementations.