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Technology / AI and automation

TIME RUNNING OUT FOR FULCRUM AS IT WARNS OF Q3 LOSS

Deeply troubled search engine tools company Fulcrum Technologies Inc warns that it expects to report third quarter figures way below expectations, with revenues of about $7.4m and operating losses of about $8m or $0.52 per share before restructuring costs. As a result 20% of its staff are to go now, with more reductions expected to follow. The few analysts still watching the company expected net losses of $0.01 per share. Cash flow is the main result of the troubles and the 14 year-old Ottawa-based company is in talks with its bankers to try and figure out what can be done. Fulcrum expects to report full results on November

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CBR Staff Writer

CBR Online legacy content.