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Arc Wireless Solutions Inc. (ARCW) filed Quarterly Report for the period ended 2011-09-30.
Arc Wireless Solutions Inc. has a market cap of $9.58 million; its shares were traded at around $3.1 with and P/S ratio of 2.42.
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:
Total revenues were approximately $629 thousand for the three months ended September 30, 2011 and $968 thousand for the three months ended September 30, 2010. The decrease in revenues during the three months ended September 30, 2011 compared to the three months ended September 30, 2010 is primarily attributable to general decrease in sales across all product lines.Gross profit margins were 39% and 38% for the three months ended September 30, 2011 and 2010, respectively. The slight increase in gross margin is primarily due to product mix.
Selling, general and administrative expenses (SG&A) increased 9% to $482 thousand for the three months ended September 30, 2011 as compared to $441 thousand for the three months ended September 30, 2010. SG&A as a percent of total revenues increased from 46% for the three months ended September 30, 2010 to 77% for the three months ended September 30, 2011. The primary reason for the increase in the % of SG&A compared to revenues is the 35% decrease in revenues comparing the three months ended September 30, 2011 to September 30, 2010. Salaries and wages, remains the largest component of SG&A costs, constituting 26% of the total SG&A costs for the three months ended September 30, 2011 and 2010. The majority of the overall increase in SG&A is related to a increase in research and development costs and salary costs. We are continuing our efforts to streamline our operations and reduce costs in other areas.
Total revenues were approximately $2.3 million for the nine months ended September 30, 2011 and approximately $3.1 million for the nine months ended September 30, 2010. The decrease in revenues during the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010 is primarily attributable to general decrease in broadband wireless sales which was partially offset by an increase in our GPS antenna sales.
Selling, general and administrative expenses (SG&A) decreased 18% to approximately $1.3 million for the nine months ended September 30, 2011 as compared to approximately $1.58 million for the nine months ended September 30, 2010. SG&A as a percent of total revenues increased from 52% for the nine months ended September 30, 2010 to 56% for the nine months ended September 30, 2011. Salaries and wages, remains the largest component of SG&A costs, constituting 28% of the total SG&A costs for the nine months ended September 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.
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