Orion, punished over forecast misses, can return to profit without raising capital, Tisdel said

Thu, 05 Apr 2018

By Nikki Mandow April 4 (BusinessDesk) - Orion Health Group, whose shares hit a record low this week after the company cut guidance for the third time, can reach profitability with further cost-cutting and may not need to raise more capital, says chief financial officer Mark Tisdel. The healthcare software developer's shares reached an all-time low of 57 cents this week after it said delays in concluding deals meant sales in the year ended March 31 missed its forecast and pushed out the timing of reaching breakeven. It aims to slash annua...

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