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QualTek Services Inc.

QTEK•NASDAQ
Communication Services
Telecommunications Services
$0.07
$0.00(0.00%)
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Financial performance has remained strong, with revenue growing from $184.22M in Q2 2022 to $156.25M in Q1 2023. Gross profit continued to perform well, with margins at 8% in the latest quarter. Operating income reached -$26.57M in Q1 2023, holding a steady -17% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at -$11.57M. Net income dropped to -$65.36M, keeping EPS at -$1.45. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.

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