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ModusLink Reports Fourth Quarter and Fiscal Year 2017 Financial Results

Fiscal year 2017 net revenue of $436.6 million declined by 4.9% versus
fiscal year 2016

Fiscal year 2017 gross margin of 8.3% improved by 290 basis points
versus fiscal year 2016

Fiscal year 2017 operating expenses of $56.1 million declined by 14.1%
versus fiscal year 2016

Fiscal year 2017 operating loss of $19.8 million, a $20.8 million
improvement versus fiscal year 2016

Fiscal year 2017 net loss of $25.8 million, a $35.5 million
improvement versus fiscal year 2016

Company successfully executes on its Year 1 turnaround pla…