WPCS Int'l (WPCS) Reports Q2 Loss of $0.82
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WPCS Announces Financial Results for 2nd Quarter and Six Months Ended October 31, 2015
December 14, 2015 5:32 PM ESTSUISUN, CA -- (Marketwired) -- 12/14/15 -- WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure, today announced its fiscal 2016 second quarter and six-month financial results for the period ended October 31, 2015.
Sebastian Giordano, Interim CEO of WPCS, commented, "While our Suisun Operations generated operating income of $55,000 and $600,000 for the three months and six months ended October 31, 2015, respectively, the other significant impact items reported this quarter were an $838,000 gain on sale of the China Operations and noncash charges of $783,000 for dividends on preferred stock and $1,518,000 in stock option expense... More
