CUI Global (CUI) Misses Q1 EPS by 2c, Beats on Revenues

CUI Global (NASDAQ: CUI) reported Q1 EPS of ($0.11), $0.02 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $22.0 million versus the consensus estimate of $20.37 million.

First Quarter 2018 Financial Performance Summary: (ASC Topic 605 basis)

• Total revenues would have been $21.7 million compared to $17.8 million;
• Gross profit would have been $6.0 million compared to $5.7 million;
• Gross margin would have been 27.5% compared to 31.9%;
• Consolidated net loss would have been $(3.8) million compared to $(3.9) million;
• Loss per basic share would have been $(0.13) compared to $(0.18) per basic share.

First Quarter 2018 Financial Performance Summary: (comparisons to prior year period)

• Total revenues were $22.0 million compared to $17.8 million;
• Gross profit was $6.6 million compared to $5.7 million;
• Gross margin was 29.9% compared to 31.9%;
• Consolidated net loss was $(3.3) million compared to $(3.9) million;
• Loss per basic share was $(0.11) compared to $(0.18) per basic share;
• Adjusted EBITDA was $(2.7) million compared to $(3.2) million;
• Cash and cash equivalents were $9.6 million and restricted cash was $0.5 million at March 31, 2018;
• Power and Electromechanical (P&EM) segment unaudited backlog was $26.1 million at March 31, 2018, up from $20.2 million at December 31, 2017; and,
• Energy segment unaudited backlog was $17.7 million at March 31, 2018, up from $12.6 million at December 31, 2017.

For earnings history and earnings-related data on CUI Global (CUI) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c