Perceptron Announces Fiscal 2019 Third Quarter and Nine Month Results
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Perceptron (PRCP) Misses Q3 EPS by 11c, Revenues Miss; Offers Q4 Revenue Guidance Below Consensus
May 9, 2019 5:11 PM EDTPerceptron (NASDAQ: PRCP) reported Q3 EPS of ($0.11), $0.11 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $15.6 million versus the consensus estimate of $18.2 million.
Third quarter consolidated net sales were $15.6 million, a decrease of 27.1% from the third quarter of fiscal year 2018Consolidated gross profit was $5.1 million and gross margin was 32.7%Third quarter reported and recurring operating loss totaled $1.1 millionNet loss for the third quarter of fiscal 2019 was $1.1 millionThird quarter diluted loss per share was $0.11Bookings totaled $13.2 millionBacklog was $35.7 millionCash and short-term investments... More