DSP Group (DSPG) Tops Q1 EPS by 2c

DSP Group (NASDAQ: DSPG) reported Q1 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $27.93 million versus the consensus estimate of $27.56 million.

• GAAP and non-GAAP diluted loss per share of $0.13 and $0.05, respectively
• Revenues of $27.9 million, up 1% year-over-year
• GAAP and non-GAAP gross margin of 43.8% and 44.2%, respectively, a 140 and 160 basis point improvement year-over-year, respectively
• GAAP and non-GAAP operating loss of $3.4 million and $1.5 million, respectively, compared to GAAP and non-GAAP operating loss of $3.2 and $1.9 million for the first quarter of 2016, respectively
• GAAP and non-GAAP net loss of $2.9 million and $1.1 million, respectively, compared to GAAP and non-GAAP net loss of $2.9 million and $1.7 million for the first quarter of 2016, respectively
• Repurchase of 124,000 shares of common stock for approximately $1.3 million
• Cash, deposits and marketable securities of $119.8 million as of March 31, 2017

For earnings history and earnings-related data on DSP Group (DSPG) click here.

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