Q: Thoughts on the latest quarter please?
5i Research Answer:
Recent quarterly results missed expectations of a loss of 6c, coming in at a loss of 7c. Revenue also significantly missed estimates of $26.1M coming in at $16.13M, declining from $20.4M in the year prior. BYL also said it has hired an investment banker to facilitate the sale of its Mobile and Network business line in this calendar year. Continuing operations now comprise three business lines: Embedded Antenna; Wireless Infrastructure; and, Satcom. These were weak results for BYL with revenue declining and losses widening.