WPCS Reports 2011 First Quarter Financial Results
WPCS International Incorporated (Nasdaq: WPCS) today announced financial results for the fiscal year 2011 first quarter ended July 31, 2010. For the first quarter, WPCS reported revenue of $28.9 million compared to $25.3 million for the same period a year ago, which represents an increase of approximately 14%.
In the first quarter, WPCS generated earnings before interest, taxes, acquisition-related contingent earn-out costs, and depreciation and amortization (EBITDA) of approximately $238,000.
The company generated $1,272,000 in EBITDA for the same period a year ago. For the first quarter ended July 31, 2010, WPCS reported a net loss of approximately $376,000 or $0.05 per diluted share, compared to net income of $435,000 or $0.06 per diluted share for the same period a year ago.
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