CUI Global (CUI) Misses Q2 EPS by 10c, Slight Miss on Revenues

CUI Global (NASDAQ: CUI) reported Q2 EPS of ($0.17), $0.10 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $23.1 million versus the consensus estimate of $23.75 million.

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

• Total revenues were $23.1 million compared to $22.5 million;
• Gross profit was $7.6 million compared to $8.2 million;
• Gross margin was 33.0% compared to 36.6%;
• Consolidated net loss was $(4.8) million compared to $(1.6) million;
• Loss per basic share was $(0.17) compared to $(0.07) per basic share;
• Adjusted EBITDA was $(2.4) million compared to $(0.8) million;
• Cash and cash equivalents were $7.3 million and restricted cash was $0.5 million at June 30, 2018;
• Power and Electromechanical (P&EM) segment unaudited backlog was $26.5 million at June 30, 2018 as compared to $20.2 million at December 31, 2017; and
• Energy segment unaudited backlog was $16.9 million at June 30, 2018 as compared to $12.6 million at December 31, 2017.

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

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