Finance

Numerex Reports Fourth Quarter and Full Year 2016 Financial Results





ATLANTA, March 16, 2017 (GLOBE NEWSWIRE) — Numerex Corp (NASDAQ:NMRX), a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), today announced financial results for its fourth quarter and year ended December 31, 2016.“As the new senior management team at Numerex, we moved rapidly in the fourth quarter of 2016 to execute a plan to create a more focused IoT company – delivering on both near-term profitability goals and investments in future growth drivers.  To achieve both objectives, we have and will continue to cut costs to make targeted investments in engineering and sales that will deliver-value added, differentiated products in key verticals.  A more focused, ROI-driven approach to serving the needs of our top customers should position Numerex for industry leading profitability and growth,” commented Ken Gayron, Numerex’s Interim Chief Executive Officer and Chief Financial Officer.   Q4 of 2016 Comparisons to Q3 of 2016





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