ICTV Brands, Inc. (ICTV) saw its loss narrow to $0.26 million, or $0.01 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $0.82 million, or $0.03 a share. Revenue during the quarter grew 16.25 percent to $4.20 million from $3.62 million in the previous year period. Gross margin for the quarter expanded 591 basis points over the previous year period to 72.43 percent. Operating margin for the quarter stood at negative 6.15 percent as compared to a negative 22.74 percent for the previous year period.
Operating loss for the quarter was $0.26 million, compared with an operating loss of $0.82 million in the previous year period.
Operating cash flow turns positiveICTV Brands, Inc. has generated cash of $0.10 million from operating activities during the nine month period as against cash outgo of $0.97 million in the last year period. The company has spent $0.22 million cash to carry out financing activities during the nine month period as against cash inflow of $0.70 million in the last year period.
Cash and cash equivalents stood at $1.21 million as on Sep. 30, 2016, up 38.45 percent or $0.34 million from $0.88 million on Sep. 30, 2015.
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