Critical Control Announces 2017 Year End Financial Results
Summary
CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) -- Critical Control Energy Services Corp. (TSX: CCZ ) today reported its financial results for the year ended December 31, 2017.“Our 2017 results delivered strategic growth of our cloud based software as we penetrated the US market,” said Alykhan Mamdani, CEO of Critical Control.Industry factors and the subsequent competitive environment continue to impact the Corporation’s revenue from its Field Services business, which generated US$9.7 million in 2017, a 13.3% decrease from the previous year.The Corporation is rebuilding its Field Services business to differentiate an increasingly commoditized offering with cost savings based on adoption of software.We provide services to capture the data, cloud based software to visualize and manage it and the business intelligence to make quicker and more informed operational decisions.