Brief: Qualstar Posts Q4 Loss Per Share Of $0.10

Qualstar

19/03/2020 13:33

March 19 (Reuters) - Qualstar Corp  QBAK.O :
    * QUALSTAR REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR
ENDING
DECEMBER 31, 2019
    * Q4 LOSS PER SHARE $0.10
    * Q4 REVENUE ROSE 17.2 PERCENT TO $3.4 MILLION
    * QUALSTAR - Q1 HAS BEEN IMPACTED BY EXTENDED CHINESE NEW
YEAR
HOLIDAY AND UNPRECEDENTED CHANGE IN GLOBAL BUSINESS ENVIRONMENT
BROUGHT ON BY COVID-19.
    * QUALSTAR - AT THIS TIME, IN POWER SUPPLY BUSINESS,
EXPERIENCING
A DELAY IN SHIPPING DATES AS OUR SUBCONTRACT MANUFACTURERS
REBUILD TO FULL CAPACITY
    * COMPANY HAS EXPERIENCED FEW CANCELLATIONS AT THIS TIME,
COMPANY
IS SEEING CUSTOMERS DELAY ORDERS IN BOTH BUSINESS SEGMENTS.

Source text for Eikon:  ID:nBw39tyHga 
Further company coverage:  QBAK.O 

 ((Reuters.Briefs@thomsonreuters.com;))