14.11.2016 14:16:18

Clean Diesel Technologies Sees FY16 Revenue At Low End Of Range - Quick Facts

(RTTNews) - While reporting its third-quarter financial results today, Clean Diesel Technologies, Inc. (CDTI) said it now expects full year 2016 revenue to be at the lower end of its forecast range, and to be between $37 million and $39 million.

On average, three analysts polled by Thomson Reuters expect revenues of $38.84 million for the year. Analysts' estimates typically exclude special items.

Tracy Kern, CDTI CFO, said, "We expect DuraFit full year revenue contribution will approach $6 million. We also expect gross margin to be between 25% and 27%."

The company also said it expects to be breakeven on an income from continuing operations basis by the first half of 2017.

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