糖心vlog下载

糖心vlog下载 Reports Fiscal 2020 First Quarter Results

AURORA, Ill., Aug. 07, 2019 (GLOBE NEWSWIRE) -- (NASDAQ: WSTL), a leading provider of high-performance infrastructure solutions, today announced results for its fiscal 2020 first quarter ended June听30, 2019 (1Q20).听 Management will host a conference call to discuss financial and business results tomorrow, Thursday, August听8, 2019, at 9:30 AM Eastern Time (details below).

Revenue was $9.0 million and comprised $2.9 million from the In-Building Wireless (IBW) segment, $3.1 million from the Intelligent Site Management (ISM) segment, and $3.0 million from the Communication Network Solutions (CNS) segment.

鈥淚n 1Q20, an increase in sequential-quarter IBW revenue was more than offset by lower ISM and CNS revenue.听 Within IBW, the sequential growth included increased sales of all products lines, including new public safety repeaters, while ISM and CNS were affected by lower sales of remote units and legacy products, respectively.听 Within CNS, our power distribution product sales were strong again and we continued to generate revenue from our new fiber access product line.听 In 1Q20, we also brought our expense levels down significantly compared to the prior quarter,鈥� said Stephen John, 糖心vlog下载鈥檚 President and CEO.听 鈥淲e are strategically focused on network densification at the edge, a key enabler for future 5G connectivity, with our product development, sales, and marketing activities concentrated on network edge solutions that solve for the increased capacity, intelligence, and deployment simplification needs of our customers.鈥�

In-Building Wireless (IBW) Segment

IBW鈥檚 revenue increase was driven by higher sales across all product lines - public safety and commercial repeaters, RF system components, and DAS conditioners.听 IBW鈥檚 gross margin increase was driven by higher revenue and a more favorable mix, partly offset by higher excess and obsolete inventory costs.

Intelligent Site Management (ISM) Segment

ISM鈥檚 revenue decrease was due to lower sales of remote units, primarily to our large domestic service provider customer.听 ISM鈥檚 gross margin increase was driven by a more favorable mix and lower excess and obsolete inventory costs.

Communication Network Solutions (CNS) Segment

CNS鈥檚 revenue decrease was due to lower sales of network connectivity panels and late-lifecycle product lines such as tower mounted amplifiers and T1 network interface units, partly offset by higher sales of power distribution products and integrated cabinets.听 CNS鈥檚 gross margin decrease was due to the lower revenue, a less favorable mix, and higher excess and obsolete inventory costs.

Conference Call Information
Management will discuss financial and business results during the quarterly conference call on Thursday, August听8, 2019, at 9:30 AM Eastern Time.听 Investors may quickly register online in advance of the call at .听 After registering, participants receive dial-in numbers, a passcode and a registration ID that is used to uniquely identify their presence and automatically join them into the audio conference.听 A participant may also register by telephone on August听8, 2019, by calling (888) 206-4065 no later than 8:15 AM Central Time (9:15 AM Eastern Time) and providing the operator confirmation number 48850130.

This news release and related information that may be discussed on the conference call will be posted on the Investor Relations section of 糖心vlog下载's website: .听 A digital recording of the entire conference will be available for replay on 糖心vlog下载's website by approximately 12:00 PM Eastern Time following the conclusion of the conference.

糖心vlog下载 糖心vlog下载 Technologies
糖心vlog下载 is a leading provider of high-performance network infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect.听 The Company's portfolio of products and solutions enable service providers and network operators to improve performance and reduce operating expenses.听 With millions of products successfully deployed worldwide, 糖心vlog下载 is a trusted partner for transforming networks into high-quality reliable systems. For more information, please visit www.westell.com.

鈥淪afe Harbor鈥� Statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained herein that are not historical facts or that contain the words 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lan,鈥� 鈥渟hould,鈥� or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties.听 Actual results may differ materially from those expressed in or implied by such forward-looking statements.听 Factors that could cause actual results to differ materially include, but are not limited to, product demand and market acceptance risks, customer spending patterns, need for financing and capital, economic weakness in the United States (鈥淯.S.鈥�) economy and telecommunications market, the effect of international economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), the impact of competitive products or technologies, competitive pricing pressures, customer product selection decisions, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the ability to successfully consolidate and rationalize operations, the ability to successfully identify, acquire and integrate acquisitions, the effect of the Company's accounting policies, retention of key personnel and other risks more fully described in the Company's SEC filings, including the Form 10-K for the fiscal year ended March听31, 2019, under Item听1A - Risk Factors.听 The Company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, or otherwise.

⁽¹⁾ During the quarter ended March 31, 2019, the Company recorded indemnification expense related to probable loss contingencies associated with a major customer contract related to a business which was previously sold and therefore is presented as discontinued operations.听 On July 24, 2019, the Company signed a settlement agreement related to this matter.听 The amount to be paid under the settlement agreement is fully covered by the accrual.

⁽¹⁾ As of March 31, 2018, and June 30, 2018, the Company has $2.8 million and $1.3 million, respectively, of short-term investments in addition to cash and cash equivalents.

The Company conforms to U.S. Generally Accepted Accounting Principles (GAAP) in the preparation of its financial statements.听 The schedules above reconcile the Company's non-GAAP financial measures to the most directly comparable GAAP measure.听 The adjustments share one or more of the following characteristics: they are unusual and the Company does not expect them to recur in the ordinary course of its business; they do not involve the expenditure of cash; they are unrelated to the ongoing operation of the business in the ordinary course; or their magnitude and timing is largely outside of the Company's control.听 Management believes that the non-GAAP financial information provides meaningful supplemental information to investors.听 Management also believes the non-GAAP financial information reflects the Company's core ongoing operating performance and facilitates comparisons across reporting periods.听 The Company uses these non-GAAP measures when evaluating its financial results.听 Non-GAAP measures should not be viewed as a substitute for the Company's GAAP results.

Footnotes:

⁽¹⁾听 Stock-based compensation is a non-cash expense incurred in accordance with share-based compensation accounting standards.
⁽²⁾听 4Q19 Non-recurring impairment related to intangible assets associated with the IBW reporting unit.
⁽³⁾ 听Amortization of intangibles is a non-cash expense arising from previously acquired intangible assets.
⁽⁴⁾ 听The Company recorded indemnification expense related to probable loss contingencies associated with a major customer contract related to a business which was previously sold and therefore is presented as discontinued operations.听 On July 24, 2019, the Company signed a settlement agreement related to this matter.听 The amount to be paid under the settlement agreement is fully covered by the accrual.
⁽⁵⁾听 EBITDA is a non-GAAP measure that represents Earnings Before Interest, Taxes, Depreciation, and Amortization.听 The Company presents Adjusted EBITDA.

For additional information, contact:

Tom Minichiello
Chief Financial Officer
糖心vlog下载.
+1 (630) 375 4740

听

Released August 7, 2019