Qualstar Corp (QBAK) Reports Q1 Loss of $0.04
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Qualstar Reports Fiscal 2015 Third Quarter Results
May 13, 2015 5:05 PM EDTQualstar Revenue Continues to Grow
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Qualstar® Corporation (Nasdaq: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced its financial results for the third fiscal quarter ended March 31, 2015.
Results for the Three Months Ended March 31, 2015 vs 2014
Net revenue increased 7.7% to $2.8 million from $2.6 million Total operating expenses decreased 30.0% to $1.4 million from $2.0 million Net loss decreased by 77.3% to $0.5 million from $2.2 million, or ($.04) per basic and diluted share vs. ($.18) per basic and diluted share... More
