- Net sales were $90.5 million compared with $101.2 million in the prior-year quarter, and down 5.8 percent from $96.0 million in the third quarter.
- Operating loss (U.S. GAAP) was $2.7 million compared with a profit of $4.1 million in the prior-year quarter and a loss of $0.7 million in the third quarter.
- Non-GAAP operating loss was $0.9 million, compared with a non-GAAP profit of $5.4 million in the prior-year quarter and a non-GAAP profit of $2.6 million in the third quarter. (See Schedule A for a reconciliation of U.S. GAAP results to non-GAAP measures.)
- Wireless segment sales increased 43 percent from the prior quarter as new product programs continued to ramp significantly.
- Operating expenses continued to decline as a result of expense reduction actions earlier in the year.
Pulse Electronics Corporation Reports Fourth Quarter Results
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