PCTEL (PCTI) Tops Q1 EPS by 1c, Beat on Revenues

PCTEL (NASDAQ: PCTI) reported Q1 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $25 million versus the consensus estimate of $24.23 million.

Highlights

• Revenue of $25.0 million in the quarter, a 19% increase over the same period last year.
• Gross profit margin of 37.3% in the quarter, a 380 basis point improvement over the same period last year.
• Break even earnings per share (EPS) in the quarter, compared to a net loss of $0.09 per share in the same period last year.
• Non-GAAP net income and adjusted EBITDA are measures the company uses to reflect the results of its core earnings. A reconciliation of those non-GAAP measures to our financial statements is provided later in the press release.
• Non-GAAP net income of $0.04 per share in the quarter compared to a net loss of $0.03 for the same period last year.
• Adjusted EBITDA margin as a percent of revenue in the quarter of 6% compared to 1% for the same period last year.
• $33.0 million of cash and short-term investments at March 31, 2017. The Company generated free cash flow (cash flow from operations less capital spending) of approximately $800,000 in the quarter.

For earnings history and earnings-related data on PCTEL (PCTI) click here.

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