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TMCNet:  Westell Technologies shows USD8.9m in revenue for 3Q 2013

[February 05, 2013]

Westell Technologies shows USD8.9m in revenue for 3Q 2013

Feb 05, 2013 (TELECOMWORLDWIRE via COMTEX) -- Westell Technologies, Inc. (NASDAQ: WSTL) said that for its 2013 third quarter ended December 31, 2012 consolidated revenue from continuing operations was $8.9 million.

The net loss for the quarter was $2.0 million, equal to $0.03 per share. The non-GAAP net loss for the third quarter was $1.4 million, equal to $0.02 per share.

"The most important takeaway for the quarter is the growing acceptance of the new wireless network products that we have brought to market over the last year," said chairman and CEO Rick Gilbert. "In the face of a seasonally slow quarter, sales of these new lines increased significantly and were the primary reason for the 16% year-over-year growth in Westell Division revenue." Westell's new products for wireless networks include distributed antenna systems products, Ethernet network interface units and switches, and tower-mounted amplifiers. These new products contributed 11% of total revenue during the fiscal 2013 third quarter.

Westell Technologies, headquartered in Aurora, Illinois, designs, distributes, markets and services a broad range of carrier-class communications equipment. This includes digital transmission, remote monitoring, power distribution, demarcation and cell-site optimization products used by wireline and wireless telecommunications service providers, industrial customers, and home network users. For more information, visit http://www.westell.com.

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