PCTEL, Inc. (Nasdaq: PCTI), a provider of Performance Critical TELecom solutions, has announced its results for the fourth quarter and the full year ended December 31, 2017, the company said.
Revenue was USD 23.3 million in the quarter and USD 91.4 million for the year, down 1% in the quarter and up 8% for the year compared to last year.
Connected Solutions revenue was down 9% in the quarter and up 4% for the year. RF Solutions was up 25% in the quarter and up 19% for the year.
Gross profit margin of 44.0% in the quarter and 42.4% for the year, up 265 basis points in the quarter and up 200 basis points for the year compared to last year.
Net income per diluted share of USD 0.19 in the fourth quarter and USD 0.24 for the year, an improvement of USD 0.47 per share in the quarter and USD 1.03 per share in the year.
Approximately USD 0.03 per share of the improvement in the quarter and USD 0.13 per share in the year are attributed to improved operating results. The remainder is a result of non-cash changes in the company´s deferred tax assets and related valuation allowance.
PCTEL, Inc. provides Performance Critical TELecom technology solutions.