Bsquare (BSQR) Reports Q3 Loss of $0.09

Bsquare (NASDAQ: BSQR) reported Q3 EPS of ($0.09), versus ($0.16) reported last year. Revenue for the quarter came in at $14.6 million, versus $14.2 million reported last year.

In May, we announced a series of initiatives called \'One Bsquare\' that included a renewed focus on operating excellence. Our results for Q3 2019 suggest that this focus is starting to have an impact on our business,\" said Bsquare President and CEO Ralph C. Derrickson.

"Our rebuilding efforts continued in the third quarter. We added two more experienced entrepreneurs to the leadership team, with Chris Wheaton joining as CFO and Steven Gottlieb joining as VP of Marketing. We partnered with Synnex and Arrow, allowing us to offer Azure CSP product and services, expanded our collaboration with Microsoft to include their Sphere initiative, and launched the marketing of our B2IQ edge-to-cloud suite with our new website. While there is a lot of work yet to be done, there is reason to believe that our recovery is no longer a matter of 'if' but a matter of 'when'," concluded Mr. Derrickson.

In the third quarter, Bsquare's sales and marketing efforts re-established the clear connection between Bsquare\'s OS distribution business and its IoT business. As customers seek to use IoT, in any form, to transform their business, they often first require a device that leverages an embedded operating system. Bsquare\'s deep experience in these OS deployments, combined with expertise in IoT software components, helps customers then connect and operate their devices in a cloud-aware world. Bsquare anticipates this connection between embedded OS and IoT to be an increasingly important component of its efforts in the fourth quarter and throughout 2020."

For earnings history and earnings-related data on Bsquare (BSQR) click here.

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