Filing Flows › Positron (POSC) › Q1 2015
Positron (POSC) Q1 2015 earnings results (first quarter 2015)
10-Q filed May 15, 2015
Positron (POSC) reported revenue of $346K for the first quarter 2015 (Q1 2015), -24% from a year earlier and +34% from the quarter before. Operating margin was -153.5%, net loss $554K (160.1% of revenue).
Positron, Q1 2015: revenue $346K (-24% year over year), operating margin -153.5%, net loss $554K, operating cash flow −$336K. The chart follows the revenue to costs, profit and cash.
| Q1 2015 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $346K | +34% | -24% |
| Operating profit | −$531K | — | — |
| Net earnings | −$554K | -744% | — |
| Operating cash flow | −$336K | — | — |
What changed
Revenue was $346K in Q1 2015, down 24% year over year and up 34% from the previous quarter.
Gross margin was 39.3%, up 33.2 points from a year earlier. Operating costs exceeded revenue by $531K, an operating margin of -153.5%. Operating expenses fell 6% while revenue fell 24%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $554K, after a profit of $86K the previous quarter.
Operating cash flow was −$336K. Non-cash charges added back $40K of depreciation and amortization and $159K of share-based compensation. Working capital and other items added $19K.
Questions
What was Positron's revenue in the first quarter 2015?
Positron (POSC) reported revenue of $346K for the first quarter 2015 (Q1 2015), -24% from a year earlier and +34% from the quarter before.
Was Positron profitable in the first quarter 2015?
Operating loss was $531K (-153.5% of revenue) and net loss $554K.
Source: Positron 10-Q on SEC EDGAR.