Lattice Incorporated announced earnings results for the third quarter and cash flow results for the first nine months ended September 30, 2015. For the quarter, the company announced total revenue decreased 6% from prior year to $1.9 million from $2 million. The company had an operating loss in the quarter of $782,000 which compared to a loss of $493,000 in the prior year. The $782,000 loss adjusts to $534,000 after adding back noncash expenses totaling $248,000. The increase in loss from prior year was mainly due to decline in gross profit resulting from the soft quarter in tech sales.

For the first nine months, the company's operating cash flows were negative $929,000 which compared to a negative $809,000 prior year.

The company provided gross margin guidance for the full year of fiscal 2015 and cash flow guidance for the full year of fiscal 2016. The company expects to track to prior guidance of a blended gross margin for fiscal 2015 in the high 30% to low 40% range.

The company expects to narrow the operating cash flow deficit into 2016 with continued growth in recurring service revenue.