Filing Flows › ModuLink (MDLK) › Q3 2016
ModuLink (MDLK) Q3 2016 earnings results (third quarter 2016)
10-Q filed Nov 10, 2016
ModuLink (MDLK) reported revenue of $4K for the third quarter 2016 (Q3 2016), -64% from a year earlier and -86% from the quarter before. Operating margin was -369.2%.
ModuLink, Q3 2016: revenue $4K (-64% year over year), operating margin -369.2%, net loss $60K, operating cash flow −$130K. The chart follows the revenue to costs, profit and cash.
| Q3 2016 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4K | -86% | -64% |
| Operating profit | −$15K | — | — |
| Net earnings | −$60K | — | — |
| Operating cash flow | −$130K | — | — |
What changed
Revenue was $4K in Q3 2016, down 64% year over year and down 86% from the previous quarter.
Gross margin was 100.0%, up 17.4 points from a year earlier. Operating costs exceeded revenue by $15K, an operating margin of -369.2%. Operating expenses fell 28% while revenue fell 64%. The fastest-growing cost line was General & admin (+128%). The quarter ended with a net loss of $60K, after a profit of $14K the previous quarter. Net interest and other expense of $45K was the main reason.
Operating cash flow was −$130K. Non-cash charges added back $0K of depreciation. Working capital and other items used $70K.
Questions
What was ModuLink's revenue in the third quarter 2016?
ModuLink (MDLK) reported revenue of $4K for the third quarter 2016 (Q3 2016), -64% from a year earlier and -86% from the quarter before.
Was ModuLink profitable in the third quarter 2016?
Operating loss was $15K (-369.2% of revenue) and net loss $60K.
Source: ModuLink 10-Q on SEC EDGAR.