PCTEL Reports First Quarter Financial Results
PCTEL, Inc. (PCTI)
Last pctel, inc. earnings: 3/5 04:01 pm
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US:NASDAQ Investor Relations:
investor.pctel.com/investor-relations
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Source: Business Wire
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI) announced its results for the first quarter ended March 31, 2020.HighlightsRevenue of $17.5 million in the quarter, 15% lower compared to the first quarter 2019. Revenue was higher by 10% for the test and measurement product line, but lower by 24% in the higher volume antenna product line compared to the first quarter 2019.Gross profit margin of 46.9% in the first quarter, up 4.9% compared to the gross profit margin in the first quarter 2019. The percentage increase in the first quarter is a result of higher revenues for test and measurement products and an increase in the gross margin percentage for antenna products.GAAP net loss per share of $0.04 in the first quarter compared to a GAAP net loss per share of $0.02 in the first quarter 2019.Non-GAAP net income and adjusted EBITDA are measures the Company uses to measure its core earnings. A reconciliation of those non-GAAP measures to our GAAP financial statements is
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