Filing Flows › Positron (POSC) › Q3 2015
Positron (POSC) Q3 2015 earnings results (third quarter 2015)
10-Q filed Nov 23, 2015
Positron (POSC) reported revenue of $304K for the third quarter 2015 (Q3 2015), -23% from a year earlier and -7% from the quarter before. Operating margin was -55.9%, net loss $255K (83.9% of revenue).
Positron, Q3 2015: revenue $304K (-23% year over year), operating margin -55.9%, net loss $255K, operating cash flow −$48K. The chart follows the revenue to costs, profit and cash.
| Q3 2015 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304K | -7% | -23% |
| Operating profit | −$170K | — | — |
| Net earnings | −$255K | — | — |
| Operating cash flow | −$48K | — | — |
What changed
Revenue was $304K in Q3 2015, down 23% year over year and down 7% from the previous quarter.
Gross margin was 35.2%, up 34.2 points from a year earlier. Operating costs exceeded revenue by $170K, an operating margin of -55.9%. Operating expenses fell 61% while revenue fell 23%. The quarter ended with a net loss of $255K, narrower than the previous quarter's $375K loss.
Operating cash flow was −$48K. Non-cash charges added back $32K of depreciation and amortization. Working capital and other items added $175K.
Questions
What was Positron's revenue in the third quarter 2015?
Positron (POSC) reported revenue of $304K for the third quarter 2015 (Q3 2015), -23% from a year earlier and -7% from the quarter before.
Was Positron profitable in the third quarter 2015?
Operating loss was $170K (-55.9% of revenue) and net loss $255K.
Source: Positron 10-Q on SEC EDGAR.