Digital Power (DPW) Reports Q1 Loss of $0.03/Share

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Digital Power Corporation Reports Financial Results for the First Quarter Ended March 31, 2016

May 16, 2016 9:33 PM EDT

FREMONT, Calif., May 16, 2016 (GLOBE NEWSWIRE) -- Digital Power Corporation (NYSE MKT: DPW) today announced financial results for the first quarter ended March 31, 2016.

Digital Powers revenues for the first quarter ended March 31, 2016 were $1,713,000, a decrease of 10% from revenues of $1,896,000 for the same quarter ended March 31, 2015, resulting mainly from a decreased level of power supply shipments in the U.S. market. Net loss for the quarter ended on March 31, 2016 was $193,000, comparable to the $204,000 net loss recorded for the quarter ended March 31, 2015 which resulted mainly from the decline in revenues. Gross margin... More