Norsat (NSAT) Reports Q1 EPS of $0.03

Norsat (NYSE: NSAT) reported Q1 EPS of $0.03, versus $0.20 reported last year. Revenue for the quarter came in at $8.2 million, versus $9.6 million reported last year.

• $8.2 million in revenue for the quarter, a decrease of 14% compared to $9.6 million for the same period last year.
• Gross profit margin of 41% for the quarter, a decrease of 3% from 44% for the same period last year.
• Net earnings for the quarter were $0.2 million, or $0.04 and $0.03 per share, basic and diluted, compared to $1.2 million, or $0.20 per share, basic and diluted, for the same period last year.
• $15.6 million of cash and cash equivalents at March 31, 2017, an increase of $0.6 million compared to $15.0 million at December 31, 2016.
• $27.2 million of working capital at March 31, 2017, an increase of $0.6 million compared to $26.6 million at December 31, 2016.
• Adjusted EBITDA(1) of $1.0 million for the quarter, a decrease of 43% from $1.7 million for the same period last year.

For earnings history and earnings-related data on Norsat (NSAT) click here.

You May Also Be Interested In

• Toro Company (TTC) Tops Q3 EPS by 3c; offers guidance
• Campbell Soup (CPB) Reports In-Line Q4 EPS, Misses on Revenue; Offers FY27 EPS Guidance
• C3.ai (AI) Tops Q1 EPS by 5c; Offers Guidance