Westell Reports Fiscal First Quarter Financials
Thursday, August 08, 2019 | Comments

Westell Technologies announced results for its fiscal 2020 first quarter ended June 30. Revenue was $9 million and comprised $2.9 million from the In-Building Wireless (IBW) segment, $3.1 million from the Intelligent Site Management (ISM) segment and $3 million from the Communication Network Solutions (CNS) segment.

“In the first quarter, an increase in sequential-quarter IBW revenue was more than offset by lower ISM and CNS revenue,” said Stephen John, Westell’s president and CEO. “Within IBW, the sequential growth included increased sales of all products lines, including new public-safety repeaters, while ISM and CNS were affected by lower sales of remote units and legacy products, respectively. … We also brought our expense levels down significantly compared to the prior quarter.”

IBW’s revenue increase was driven by higher sales across all product lines — public-safety and commercial repeaters, RF system components and DAS conditioners. IBW’s gross margin increase was driven by higher revenue and a more favorable mix, partly offset by higher excess and obsolete inventory costs.

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