PCTEL reports USD 23.7m in Q3 revenue

PCTEL, Inc. (NASDAQ: PCTI), a provider of Performance Critical TELecom solutions, announced its results for the third quarter and the three quarters ended September 30, 2017, the company said.

Revenue was USD 23.7 million in the third quarter and USD 68.1 million year to date, an 13% increase in the quarter and a 11% increase year to date compared to last year.

Connected Solutions revenue was up 5% in the quarter and 9% year to date. RF Solutions was up 50% in the quarter and up 16% year to date.

Gross profit margin of 42.9% in the third quarter and 41.9% year to date, up 340 basis points in the quarter and up 170 basis points year to date compared to last year.

Net income per diluted share of USD 0.04 in the third quarter and USD 0.04 year to date, compared to net income per diluted share of USD 0.01 per share in the quarter and a loss of USD 0.51 year to date last year.

PCTEL, Inc. provides Performance Critical TELecom technology solutions. PCTEL´s test and measurement tools focus on LTE, public safety, and emerging 5G technologies.