Brief: Bsquare Corp reports Q2 loss per share of $0.02

Bsquare

03/08/2016 21:10

Aug 3 (Reuters) - Bsquare Corp  BSQR.O  
    * Bsquare reports second quarter 2016 financial results 
    * Q2 revenue fell 21 percent to $22.7 million 
    * Sees q3 2016 revenue $20 million to $22 million 
    * Q2 loss per share $0.02 
    * Says terminated employees representing approximately 13% 
of our total workforce 
    * Expect restucturing will result in approximately $1.8 
million in annualized cost savings once implemented 
    * Bsquare corp says on july 28 our board of directors 
approved a restructuring plan that will reduce size of our 
engineering services organization 
    * Says total of 26 employees and contractors will be 
involved in a workforce reduction 
    * Currently expect to incur pre-tax restructuring charges to 
our gaap financial results of approximately $0.6 million in Q3 
of 2016 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nPnccZ7w5a 
Further company coverage:  BSQR.O  
 
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