Westell Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2020
August 14, 2020 at 09:00 am EDT
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Westell Technologies, Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2020. For the quarter, the company announced revenue of USD 7.350 million compared to USD 9.002 million a year ago. Operating loss was USD 0.915 million compared to USD 2.314 million a year ago. Net loss was USD 0.825 million compared to USD 2.157 million a year ago. Basic loss per share was USD 0.05 against USD 0.14 a year ago.
Westell Technologies, Inc. is a holding company, which conducts business through its subsidiary, Westell, Inc. (Westell). Westell designs, manufactures and distributes telecommunications solutions, which are sold to telephone companies. The Company's segments include In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). The IBW segment solutions enable public safety and cellular coverage in stadiums, arenas, malls, buildings, and other indoor areas not served well by the existing outdoor radio network. The ISM segment solutions include a suite of remote units, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control physical site infrastructure and support systems. The CNS segment solutions include a range of hardened network infrastructure offerings suitable for both indoor and outdoor use. The offerings consist of integrated cabinets, power distribution products and others.