WPCS International Inc. (WPCS) reported that its third-quarter net loss attributable to the company was $10.3 million or $1.48 per share, compared to a net loss of $3.5 million or $0.50 per share for the same period a year ago. The latest quarter result included a non-cash charge of $6.7 million related to valuation allowances recorded for deferred tax assets.
Revenues for the quarter declined to $20.49 million from $21.42 million in the year ago quarter.
by RTT Staff Writer
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