Westell Technologies, Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 06, 2020 at 04:39 pm EST
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Westell Technologies, Inc. announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced sales was USD 8.320 million compared to USD 7.569 million a year ago. Operating loss was USD 898,000 compared to USD 3.686 million a year ago. Net loss was USD 885,000 compared to USD 3.561 million a year ago. For the half year, sales was USD 15.670 million compared to USD 16.571 million a year ago. Operating loss was USD 1.813 million compared to USD 6.000 million a year ago. Net loss was USD 1.710 million compared to USD 5.718 million a year ago.
Westell Technologies, Inc. is a holding company, which conducts business through its subsidiary, Westell, Inc. (Westell). Westell designs, manufactures and distributes telecommunications solutions, which are sold to telephone companies. The Company's segments include In-Building Wireless (IBW), Intelligent Site Management (ISM), and Communications Network Solutions (CNS). The IBW segment solutions enable public safety and cellular coverage in stadiums, arenas, malls, buildings, and other indoor areas not served well by the existing outdoor radio network. The ISM segment solutions include a suite of remote units, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control physical site infrastructure and support systems. The CNS segment solutions include a range of hardened network infrastructure offerings suitable for both indoor and outdoor use. The offerings consist of integrated cabinets, power distribution products and others.
WESTELL TECHNOLOGIES, INC. 
