Frankly Reports Results for the Fourth Quarter and Full Year 2017
Summary
As part of our announced process to explore strategic alternatives, we are currently in negotiations concerning an additional credit facility that, if successfully completed, would provide funding needed to sustain operations through 2018.Management Commentary "2017 will be remembered as a pivotal year in Franklys long-term evolution into a stronger, more innovative and, ultimately, profitable organization," said company COO and CFO Lou Schwartz."In all, we entered the new year with a strengthened product portfolio and a growing pipeline of new business, elements we believe will drive our expansion moving forward.Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties.Related Links LONG ISLAND CITY, N.Y., April 2, 2018 /PRNewswire/ -- Frankly Inc. (TSX VENTURE: TLK) (Frankly ), a leader in transforming local TV broadcasters and media companies by enabling them to publish and monetize their digital content across multiple platforms, reported financial results for the fourth quarter and fiscal year ended December 31, 2017.
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