CUI Global, Inc. Reports Unaudited First Quarter 2017 Financial Results
CUI GLOBAL (CUI)
Last cui global earnings: 11/7 05:30 am
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US:NASDAQ Investor Relations:
cuiglobal.com/mna
Company Research
Source: PR Newswire
TUALATIN, Ore., May 10, 2017 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), today reported its unaudited financial results for the three months ended March 31, 2017. First Quarter 2017 Financial Performance Summary: (Comparisons to Prior Year Period)Quarterly revenue decreased 14% to $17.8 million versus $20.7 million. Quarterly gross profit margin was 32%, as compared to 39% Quarterly consolidated net loss of $(3.9) million or $(0.18) per share versus $(2.7) million or $(0.13) per share. Quarterly adjusted EBITDA was $(3.2) million, as compared to $(1.3) million. Cash and cash equivalents were $3.0 million at March 31, 2017 Power and Electromechanical (P&EM) segment unaudited backlog was $19.6 million at March 31, 2017 Energy segment unaudited backlog was $14.3 million at March 31, 2017Recent Business Highlights:CUI Global was awarded a follow-on development contract to study the distribution of unconventional gas, such as biomethane, within the UK's region
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