Westell Technologies, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 04:28 pm EST
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Westell Technologies, Inc. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced sales was USD 7.649 million compared to USD 7.159 million a year ago. Operating loss was USD 1.089 million compared to USD 1.633 million a year ago. Net loss was USD 934,000 compared to USD 1.544 million a year ago. For the nine months, sales was USD 23.319 million compared to USD 23.730 million a year ago. Operating loss was USD 2.902 million compared to USD 7.633 million a year ago. Net loss was USD 2.644 million compared to USD 7.262 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. 
