PCTEL Reports First Quarter Financial Results
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI) announced its results for the first quarter ended March 31, 2022. Highlights Revenue of $22.5 million in the first quarter, 27.3% higher compared to the first quarter 2021. Gross profit margin of 41.4% in the first quarter compared to 47.1% in the first quarter 2021. The decline from the first quarter of 2021 is primarily due to a higher mix of antennas and Industrial IoT devices. GAAP net loss per diluted share of $0.09 in the fir
PCTEL Reports First Quarter Financial Results
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI) announced its results for the first quarter ended March 31, 2022. Highlights Revenue of $22.5 million in the first quarter, 27.3% higher compared to the first quarter 2021. Gross profit margin of 41.4% in the first quarter compared to 47.1% in the first quarter 2021. The decline from the first quarter of 2021 is primarily due to a higher mix of antennas and Industrial IoT devices. GAAP net loss per diluted share of $0.09 in the fir