PCTEL (PCTI) Reports In-Line Q1 EPS, Revenues Miss

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Go back to PCTEL (PCTI) Reports In-Line Q1 EPS, Revenues Miss

PCTEL Reports First Quarter Financial Results

May 7, 2020 4:01 PM EDT

BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI) announced its results for the first quarter ended March 31, 2020.

Highlights

Revenue of $17.5 million in the quarter, 15% lower compared to the first quarter 2019. Revenue was higher by 10% for the test and measurement product line, but lower by 24% in the higher volume antenna product line compared to the first quarter 2019. Gross profit margin of 46.9% in the first quarter, up 4.9% compared to the gross profit margin in the first quarter... More