Filing Flows › Positron (POSC) › Q2 2015
Positron (POSC) Q2 2015 earnings results (second quarter 2015)
10-Q filed Aug 14, 2015
Positron (POSC) reported revenue of $328K for the second quarter 2015 (Q2 2015), -8% from a year earlier and -5% from the quarter before. Operating margin was -68.0%, net loss $375K (114.3% of revenue).
Positron, Q2 2015: revenue $328K (-8% year over year), operating margin -68.0%, net loss $375K, operating cash flow −$161K. The chart follows the revenue to costs, profit and cash.
| Q2 2015 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $328K | -5% | -8% |
| Operating profit | −$223K | — | — |
| Net earnings | −$375K | — | — |
| Operating cash flow | −$161K | — | — |
What changed
Revenue was $328K in Q2 2015, down 8% year over year and down 5% from the previous quarter.
Gross margin was 42.1%, up 29.4 points from a year earlier. Operating costs exceeded revenue by $223K, an operating margin of -68.0%. Operating expenses fell 52% while revenue fell 8%. The quarter ended with a net loss of $375K, narrower than the previous quarter's $554K loss.
Operating cash flow was −$161K. Non-cash charges added back $26K of depreciation and amortization. Working capital and other items added $188K.
Questions
What was Positron's revenue in the second quarter 2015?
Positron (POSC) reported revenue of $328K for the second quarter 2015 (Q2 2015), -8% from a year earlier and -5% from the quarter before.
Was Positron profitable in the second quarter 2015?
Operating loss was $223K (-68.0% of revenue) and net loss $375K.
Source: Positron 10-Q on SEC EDGAR.