Qualstar reports FY 2018 Q3 results.
TELECOMWORLDWIRE-November 21, 2018-Qualstar reports FY 2018 Q3 results
(C)1994-2018 M2 COMMUNICATIONS http://www.m2.com
Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, has announced its financial results for the three and nine months ended September 30, 2018, the company said.
(All amounts are in thousands, except per share data):
Results for the Three Months Ended September 30, 2018 vs. 2017
Net revenue increased 14.5% to USD 3,154 from USD 2,755, total operating expenses decreased 29.7% to USD 848 from USD 1,206, and net income of USD 405 or USD 0.20 per basic and diluted share vs. net loss of USD 148 or USD (0.07) per basic and diluted share.
Results for the Nine Months Ended September 30, 2018 vs. 2017
Net revenue increased 24.9% to USD 9,320 from USD 7,461, total operating expenses decreased 8.4% to USD 2,634 from USD 2,876, and...
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