Bsquare reports Q3 net income, provides outlook for Q4

Bsquare Corporation, a provider of embedded solutions, has reported a net income of $610,000, or $0.05 per diluted share, for the third quarter ended September 30, 2012, compared to a net loss of $166,000, or $0.02 loss per diluted share, for the same quarter ended September 30, 2011. The company expects its total revenue to be in the range of $24 million to $26 million for the fourth quarter of 2012.

Total revenue for the third quarter ended September 30, 2012 was $25.48 million, compared to $24.03 million for the same quarter ended September 30, 2011.

Net income for the nine months ended September 30, 2012 was $220,000, or $0.02 per diluted share, compared to $39,000, or $0.00 per diluted share, for the same period ended September 30, 2011.

Total revenue for the nine months ended September 30, 2012 was $75.54 million, compared to $73.46 million for the same period ended September 30, 2011.

Brian Crowley, CEO for Bsquare, commented, "Third quarter revenue came in at the high end of our expectations and, combined with our previously announced expense reductions, drove solid performance in the quarter. Our business focus remains driving revenue growth through our Windows 8 and Windows Phone 8 initiatives, maintaining revenue from TestQuest and other products while investing in new areas where we see growth potential and expanding our Microsoft Windows embedded licensing and service revenue in Europe. We will continue in our efforts to return service margin to an acceptable level. We are still carrying excess service capacity and expect that we will absorb some of that capacity into new projects and our Windows 8 initiatives."