PCTEL (PCTI) Tops Q1 EPS by 2c
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PCTEL Reports First Quarter Financial Results
May 10, 2022 4:01 PM EDTBLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI) announced its results for the first quarter ended March 31, 2022.
Highlights
Revenue of $22.5 million in the first quarter, 27.3% higher compared to the first quarter 2021. Gross profit margin of 41.4% in the first quarter compared to 47.1% in the first quarter 2021. The decline from the first quarter of 2021 is primarily due to a higher mix of antennas and Industrial IoT devices. GAAP net loss per diluted share of $0.09 in the first quarter... More