PCTEL revenue dips 7% YoY

PCTEL, Inc. (NASDAQ:PCTI) reported USD24.7 million in revenue for its third quarter 2016, a decrease of seven percent from the same period last year, the company said.

The company saw a two percent sequential quarterly increase in revenue from the second quarter.

GAAP gross profit margin of 36 percent in the quarter compared to 32 percent for the same period last year.

GAAP operating margin of negative one percent for the quarter compared to operating margin of negative eight percent for the same period last year.

GAAP net income of USD0.01 per diluted share compared to a net loss of USD(0.06) per diluted share for the same period last year.

PCTEL, a global provider of RF expertise, delivers Performance Critical Telecom solutions to the wireless industry. PCTEL benchmarks and optimizes wireless networks with its data tools, engineering services, and RF products. PCTEL´s antennas and site solutions are vital elements for networks serving SCADA, fleet management, health care, public safety, and education.