Westell Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023
Share
Westell Technologies, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 10.55 million compared to USD 11.08 million a year ago. Net income was USD 0.796 million compared to USD 0.388 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.03 a year ago.
For the six months, sales was USD 21.23 million compared to USD 22.17 million a year ago. Net income was USD 1.64 million compared to USD 2.3 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.2 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. 
