PCTEL reports USD 21.6m in Q2 revenue

PCTEL, Inc. (Nasdaq: PCTI), a provider of Performance Critical TELecom solutions, announced its results for the second quarter ended June 30, 2018, the company said.

Revenue of USD 21.6 million in the second quarter and USD 43.3 million in the first half, unchanged in the quarter and down 3% in the first half compared to last year.

Connected Solutions revenue was up 4% in the quarter and 3% in the half. RF Solutions revenue was down 11% in the quarter and 22% in the half.

Gross profit margin of 36.1% in the second quarter and 36.2% in the first half, down 560 basis points in the quarter and 520 basis points in the half compared to last year. The two primary reasons for the decrease are lower revenue in the RF Solutions segment which has higher margin from its scanner products compared to antenna products, and price erosion in the small cell antenna market.

Net loss per share of USD 0.07 in the second quarter and USD 0.12 in the first half, compared to a net loss of USD 0.01 per share in the quarter and break even in the half last year.

PCTEL, Inc. provides Performance Critical TELecom technology solutions. For more information, visit https://www.pctel.com/.