Westell Reports Quarterly Financial Results
Thursday, August 10, 2017 | Comments

Westell Technologies, a provider of wireless infrastructure, announced results for its fiscal 2018 first quarter ended June 30.

Consolidated revenue in the quarter was $16.6 million and comprised $7 million from the in-building wireless (IBW) segment, $4.1 million from the intelligent site management and services (ISMS) segment, and $5.5 million from the communications network solutions (CNS) segment.

“In 1Q18, business grew for the second consecutive quarter on the strength of our IBW and CNS segments,” said Matt Brady, Westell’s new president and CEO. “IBW achieved its highest revenue level since the December 2015 quarter, as our Universal DAS Interface Tray (UDIT) maintained its robust sales pace and our public-safety revenue increased. CNS was up significantly as integrated cabinets and our power distribution products each recorded their best quarterly revenue since March 2016.”

IBW’s sequential revenue increase was primarily driven by higher sales of public-safely solutions. IBW’s segment gross margin increase was driven primarily by a more favorable mix and lower overhead costs.

ISMS’s sequential revenue decrease was primarily because of lower sales of remote units. ISMS’s segment gross margin decrease was primarily because of higher segment cost of goods sold. CNS’s sequential revenue increase was primarily driven by higher sales of integrated cabinets and power distribution products. CNS’s gross margin decrease was primarily because of increased excess inventory costs.

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