Communications Systems, Inc. (JCS) saw its loss narrow to $1.52 million, or $0.17 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $2.47 million, or $0.28 a share. Revenue during the quarter dropped 15.67 percent to $20.80 million from $24.67 million in the previous year period. Gross margin for the quarter expanded 124 basis points over the previous year period to 28.68 percent. Operating margin for the quarter stood at negative 7.02 percent as compared to a positive 5.19 percent for the previous year period.
Operating loss for the quarter was $1.46 million, compared with an operating income of $1.28 million in the previous year period.
CSI's chief executive officer Roger H.D. Lacey commented, "In Q1 2017, we continued our business transformation with strong new product sales1. Transition Networks in particular achieved better-than-expected sales and operating income driven primarily by strong new product sales. Its new product sales grew by 61% to $2.5 million, or approximately 28% of total sales for the quarter and looking ahead we continue to be excited about Transition Networks' Power over Ethernet offerings."
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