CUI Global (CUI) Misses Q4 EPS by 6c

CUI Global (NASDAQ: CUI) reported Q4 EPS of ($0.12), $0.06 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $19.4 million versus the consensus estimate of $21.46 million.

• Revenue for the full fiscal year of 2016 increased to $86.5 million compared to $86.2 million in 2015
• For the fourth quarter of 2016, revenue decreased to $19.4 million from $21.9 million in the fourth quarter of 2015
• Gross profit margin in 2016 was unchanged at 37% compared to 2015
• Gross profit margin for the fourth quarter of 2016 was 33% compared to 39% in the same period of 2015
• Consolidated net loss for 2016 was $(7.3) million, or $(0.35) per share compared to consolidated net loss of $(6.0) million, or $(0.29) per share in 2015
• Consolidated net loss for the fourth quarter of 2016 was $(2.6) million, or $(0.12) per share compared to consolidated net loss of $(1.3) million, or $(0.06) per share in the same period of 2015
• Adjusted EBITDA for the full year 2016 was a loss of $(3.2) million compared to adjusted EBITDA loss of $(1.3) million in 2015.
• Adjusted EBITDA for the fourth quarter of 2016 was a loss of $(2.3) million compared to adjusted EBITDA loss of $(265) thousand in the same period of 2015
• Cash and cash equivalents were $4.6 million at December 31, 2016
• Power and Electromechanical (P&EM) segment unaudited backlog was $18.1 million at December 31, 2016
• Energy segment unaudited backlog was $12.1 million at December 31, 2016

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

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