Brief: Bsquare Reports Q1 Loss Per Share $0.22

Bsquare

13/05/2019 21:06

May 13 (Reuters) - Bsquare Corp  BSQR.O :
    * BSQUARE REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS
    * Q1 LOSS PER SHARE $0.22
    * Q1 REVENUE FELL 27 PERCENT TO $15.1 MILLION
    * SEES Q2 2019 REVENUE $12.5 MILLION TO $14.5 MILLION
    * SAYS CUTTING 38 JOBS
    * ON MAY 9, BOARD APPROVED RESTRUCTURING PLAN TO REDUCE
WORKFORCE
BY 38 POSITIONS, OR ABOUT 25%, IN SECOND AND THIRD QUARTERS OF
2019
    * SEES Q2 BLENDED GROSS MARGIN IN 15% TO 17% RANGE
    * THERE WILL BE A NEGATIVE IMPACT ON CASH IN Q2 RELATED TO
ONE-TIME SEVERANCE EXPENSE BUT EASING IN CASH UTILIZATION IN H2
2019

Source text for Eikon:  ID:nPn4R6pVBa 
Further company coverage:  BSQR.O 

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