Insignia Systems (ISIG) Reports Q1 Loss of $0.03

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Go back to Insignia Systems (ISIG) Reports Q1 Loss of $0.03

Insignia Systems, Inc. Announces 2016 First Quarter Financial Results

April 27, 2016 4:05 PM EDT

Overview

Q1 2016 net sales decreased 7% to $6,078,000 from $6,541,000 in Q1 2015, primarily due to lower service revenue. Q1 2016 operating loss of $(571,000) compared to operating income of $161,000 in Q1 2015. Q1 2016 net loss of $(322,000), or $(0.03) per basic and diluted share, compared to net income of $96,000, or $0.01 per basic and diluted share, in Q1 2015. Total cash, cash equivalents and debt security investments of $17,321,000 as of March 31, 2016, compared to $18,013,000 as of December 31, 2015.

MINNEAPOLIS--(BUSINESS WIRE)-- Insignia Systems, Inc. (Nasdaq: ISIG) (Insignia or the... More