KURZWEIL APPLIED INTELLIGENCE WARN OF SUBSTANTIAL LOSS

Waltham, Massachusetts-based Kurzweil Applied Intelligence Inc warns that it expects to report a substantial loss for the fiscal year that ended on January 31: the results are delayed and it now expects to report them in June, after it has reviewed some of its revenue recognition policies and practices, and the collectibility of some accounts receivable – it fears there are bad debts in there; class actions have already started.

CBR Staff Writer

CBR Online legacy content

Websites in our network

Select and enter your corporate email address

Changelog

Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.

Your corporate email address

Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.