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hweb2

08/11/23 1:07 PM

#106656 RE: maxluke1 #106622

BSQR green. Which is a nice surprise after those terrible Q2 revenues. Down 20% sequentially. Yikes. Balance sheet is fantastic and hopefully something positive will come from exploring strategic alternatives. But I'm trimming some into the strength. Didn't like the sound of this from the CC. Appears to have been a 1-time benefit of $300K to gross margins. So the numbers were really even worse-

"Partner Solutions gross profit increased to $164,000 and gross margin rate improved 6.8 percentage points. The gross profit decrease driven by the revenue decline was offset by margin rate improvement, primarily related to rebate credits earned through Microsoft’s distributor incentives program. These credits are recorded as a reduction of Partner Solutions cost of revenue, and have always had a favorable impact on Partner Solutions gross profit.

However, the impact this quarter was greater as there were changes to the program. As a result of the changes, we recorded one-time adjustments of approximately $300,000 that favorably impacted Partner Solutions gross profit."
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hweb2

10/11/23 6:03 PM

#107894 RE: maxluke1 #106622

Aha BSQR acquired for $1.90/share in cash. Figured someone would buy them...even if just for their excellent balance sheet.

https://finance.yahoo.com/news/kontron-acquire-bsquare-1-90-210500967.html