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QualTek Services Inc.

QTEK•NASDAQ
Communication Services
Telecommunications Services
$0.07
$0.00(0.00%)
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The company's financials show resilient growth, with revenue advancing from $184.22M in Q2 2022 to $156.25M in Q1 2023. Gross profit remained healthy with margins at 8% in Q1 2023 compared to 11% in Q2 2022. Operating income hit -$26.57M last quarter, sustaining a consistent -17% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$11.57M. Net income dropped to -$65.36M, while earnings per share reached -$1.45. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.

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