WPCS International Inc. (WPCS) reported a second-quarter net loss of $493,000 or $0.07 per share, compared to a net loss of approximately $1.7 million or $0.24 per share, for the same period a year ago.
The latest-quarter result included a loss from discontinued operations of approximately $573,000 related to the asset sale of the Hartford and Lakewood Operations. The last year result included a loss from discontinued operations of approximately $1.3 million, or $0.19 per diluted share, primarily related to the sale of the St. Louis and Sarasota Operations.
Revenue for the quarter declined to $9.94 million from $21.75 million last year.
The company reaffirmed that it remains on target to achieve revenue of $60 million and EBITDA of $1 million for this fiscal year ending April 30, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.