Qualstar Corp (QBAK) Reports Q2 Loss of $0.16/Share
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Qualstar Reports Fiscal 2016 Second Quarter Results
August 11, 2016 4:15 PM EDTData Storage Business Nearly Breakeven
2nd Quarter Loss Excluding Non-Recurring Items Under $75,000
SIMI VALLEY, Calif.--(BUSINESS WIRE)-- Qualstar® Corporation (Nasdaq: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced its financial results for the second fiscal quarter ended June 30, 2016.
(All amounts are in thousands, except per share data):
Results for the Three Months Ended June 30, 2016 vs. 2015
Net revenue decreased 27% to $2,370 from $3,249 Total operating expenses decreased 21% to $1,099 from $1,383... More