DGSE Companies, Inc. (DGSE) saw its loss widen to $1.51 million, or $0.12 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $0.47 million, or $0.04 a share.

Revenue during the quarter plunged 36.02 percent to $10.57 million from $16.52 million in the previous year period. Gross margin for the quarter expanded 322 basis points over the previous year period to 17.67 percent. Operating margin for the quarter stood at negative 13.44 percent as compared to a negative 2.32 percent for the previous year period.

Operating loss for the quarter was $1.42 million, compared with an operating loss of $0.38 million in the previous year period.

Cash conversion cycle (CCC) has decreased to 12 days for the quarter from 40 days for the last year period. Days sales outstanding were almost stable at 2 days for the quarter, when compared with the last year period.

Days inventory outstanding has decreased to 48 days for the quarter compared with 68 days for the previous year period. At the same time, days payable outstanding went up to 62 days for the quarter from 29 for the same period last year.