Bsquare Reports Second Quarter 2016 Financial Results

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Go back to Bsquare Reports Second Quarter 2016 Financial Results

Bsquare (BSQR) Reports Q2 Loss of $0.02

August 3, 2016 4:45 PM EDT

Bsquare (NASDAQ: BSQR) reported Q2 EPS of ($0.02), versus $0.15 reported last year. Revenue for the quarter came in at $22.7 million, versus $28.87 million reported last year.

Jerry Chase, Bsquare President and CEO, commented, "Despite a decline in revenue in our traditional businesses, the second quarter was critically important for Bsquare as we announced the first large-scale contract for DataV, our Internet of Things (IoT) software offering. This contract with a Fortune 500 industrial company, initially valued at $4.3 million, includes not only DataV software, but also DataV Services, a new systems integration capability that leverages our traditional... More