When Martin Coles became CEO of HaloSource three years ago, he realized he was walking into a company that was on life support.
Revenue was down, and investors were beating up on the Bothell-based water purification company for missing earnings goals.
On top of this, HaloSource was struggling to produce products, Coles explained recently in his lilting Welsh cadence. It was time for a fiscal cleanse.
Originally, HaloSource's main product line and moneymaker was filters for recreational water features, such as pools, hot tubs and theme park fountains. Coles downsized the company by 20 percent …Read the full article here.