On Track Innovations (OTIV) Reports Q4 Revenues Above Consensus

Note: EPS may not be comparable

On Track Innovations (NASDAQ: OTIV) reported Q4 EPS of ($0.02), $0.02 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $6.75 million versus the consensus estimate of $5.6 million.

Q4 2017 Financial Details

• Total revenue in the fourth quarter increased to $6.7 million, compared to $4.7 million for the prior quarter and $5.6 million in the same year-ago period.
• Gross margin totaled 48% of revenue in the fourth quarter, compared to 43% in the same year-ago period.
• Operating expenses totaled $3.5 million in the fourth quarter, compared to $3.4 million in the same year-ago period.
• Net loss in the fourth quarter totaled $0.7 million, or $(0.02) per share, compared to a net loss of $1.2 million or $(0.03) per share in the same year-ago period.
• Adjusted EBITDA totaled $63,000 in the fourth quarter, compared with an adjusted EBITDA loss of $ 515,000 in the same year-ago period.

For earnings history and earnings-related data on On Track Innovations (OTIV) click here.

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