Your source for the latest news from the digital signage industry.
9 Aug
As they do a lot more than just digital signage, it’s tough to speculate how much money comes directly from sales of Coolsign software and monitors destined for the digital out-of-home world. So how’d they do? Well, not too good, as Bizjournals tells us. The good news is that revenues for Q3 of their year were up to $75M from $68.2M last year. The bad news is that it was mostly due to an acquisition, and what’s more, they managed to somehow lose $62M in the process of making all that money. Unfortunately, it looks like a good deal of that loss stemmed from their control room and signage business, which is essentially what’s left of their $56.1M acquisition of Clarity Visual Systems (who had themselves acquired Coolsign from Adspace in an earlier transaction). The company is selling off a medical imaging unit in the hopes of raising some much needed cash.