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Qualstar reports net loss despite higher revenue

By   /   Thursday, March 19th, 2020  /   Comments Off on Qualstar reports net loss despite higher revenue

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Qualstar revenues rose nearly 10 percent in 2019, after a fourth quarter where revenue jumped 17.2 percent to $3.4 million.  Full-year revenue was $13.4 million but the Camarillo-based company reported a $7,000 net loss in the March 19 filing, compared to $1.48 million in net income the prior year, or 73 cents per share.  Shares…

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