Print
Email
Arc Wireless Solutions Inc. (ARCW) filed Quarterly Report for the period ended 2011-06-30.
Arc Wireless Solutions Inc. has a market cap of $8.8 million; its shares were traded at around $2.829 with and P/S ratio of 2.2.
This is the annual revenues and earnings per share of ARCW over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ARCW.
Highlight of Business Operations:
At June 30, 2011, we had approximately $11.7 million in working capital, which represents a decrease of approximately $200 thousand from working capital at December 31, 2010 of $11.9 million.
Selling, general and administrative expenses (SG&A) decreased 22% to $441 thousand for the three months ended June 30, 2011 as compared to $564 thousand for the three months ended June 30, 2010. SG&A as a percent of total revenues decreased from 60% for the three months ended June 30, 2010 to 52% for the three months ended June 30, 2011. Salaries and wages, remains the largest component of SG&A costs, constituting 29% of the total SG&A costs for the three months ended June 30, 2011 and 2010. The majority of the overall decrease in SG&A is related to a decrease in salary costs and decreases in US facility costs. We are continuing our efforts to streamline our operations and reduce costs in other areas.
Other income decreased during the second quarter 2011 to approximately $10 thousand as compared to $12 thousand in the second quarter 2010. The decline is primarily due to decreased interest income as a result of the decline in our cash balances in addition to a decline in interest rates on money market funds where a significant portion of the funds are invested.
Other income decreased during the six months ended June 30, 2011 to approximately $20 thousand as compared to $23 thousand in the six months ended June 30, 2010. The decline is primarily due to decreased interest income as a result of the decline in our cash balances in addition to a decline in interest rates on money market funds where a significant portion of the funds are invested.
The net cash used by operating activities was $488 thousand for the six months ended June 30, 2011 compared to net cash used by operating activities of $554 thousand for the six months ended June 30, 2010. The primary reason for the change is a reduction in the net loss from operations of $222 thousand comparing the six months ended June 30, 2011 compared to the six months ended June 30, 2010.
Net cash used in financing activities was $12 thousand for the six months ended June 30, 2011 and $24 thousand for the six months ended June 30, 2010.
Subscribe RSS
