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Restructuring charges impact results
August 14, 2012
By: Tim Wright
BASi 3Q Revenues: $7.2 million (-15%) 3Q Loss: $704,000 (earnings were $418 million 3Q11) YTD Revenues: $21.7 million (-13%) YTD Loss: $4.1 million (earnings were $1.2 million YTD11) Comments: Service revenue was $5.2 million in the quarter (-23%). Product revenue was $2.0 million (+14%). Restructuring charges were $623,000 in the quarter and $687,000 YTD.
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