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BSQUARE Corporation (NASDAQ: BSQR) is a leading provider of software solutions and services for the Internet of Things (IoT), headquartered in Bellevue, Washington, with offices across North America, Europe, and Asia. For over two decades, BSQUARE has been enabling businesses to extract value from a diverse range of corporate assets by transforming them into intelligent, connected devices. Through its BSQUARE DataV software solution, the company helps enterprises create business-focused IoT systems that optimize operations, predict events, and enhance asset management.
BSQUARE's comprehensive offerings span the entire IoT lifecycle, from design and deployment to ongoing management and optimization. The company has extensive experience working with embedded operating systems including Windows, Linux, and Android, and it operates IoT networks that range from 50,000 to over 1 million devices. This expertise allows BSQUARE to deliver solutions that improve productivity, enhance quality of life, and help conserve resources.
In addition to their software solutions, BSQUARE provides advanced professional services to help organizations integrate IoT into their business strategies effectively. The company's client base includes industries such as manufacturing, transportation, and healthcare, among others.
Recently, BSQUARE announced its financial results for the second quarter of 2023, showing total revenue of $6.5 million. Although this marks a 20% decrease from the previous quarter, the company saw an increase in gross profit and a reduction in net loss year-over-year. The company is currently exploring strategic options with the assistance of Telegraph Hill Advisors to maximize shareholder value.
On the corporate front, BSQUARE has entered into a definitive merger agreement with Kontron America, a global IoT technology leader. Under this agreement, Kontron will acquire BSQUARE for $1.90 per share, valuing the company at approximately $38 million. This acquisition is expected to enhance Kontron's software development and integration capabilities in North America.
BSQUARE remains committed to helping businesses realize the full potential of a connected world, leveraging partnerships with major technology companies like Microsoft, AWS, and Intel. As the IoT landscape continues to evolve, BSQUARE is well-positioned to lead in delivering innovative solutions that drive business outcomes.
Bsquare Corporation (NASDAQ: BSQR) reported a 4Q 2021 revenue of $9.1 million, a 15% decline from the previous quarter, primarily due to decreases in the Partner Solutions segment. The net loss was $0.8 million or $0.04 per diluted share. Operating expenses remained stable at $2.2 million. Year-end cash totaled $40.1 million, reflecting a significant $27.1 million increase year-over-year. Despite disappointing top-line results attributed to supply chain issues, the company plans to enhance sales efforts to drive future revenue growth.
Bsquare Corporation, in partnership with Intel, has integrated Intel vPro technology into its device management solution, SquareOne. This enhancement offers remote management features, allowing users to efficiently power down devices or troubleshoot issues even when the operating system fails. SquareOne is designed for multiple platforms, including Windows IoT, Linux, and Android, facilitating effective management across different systems. The solution will be available for purchase in May 2022. This collaboration aims to improve operational efficiency and reduce costs for sectors like retail, education, and hospitality.
Bsquare Corporation (NASDAQ: BSQR) will release its fourth-quarter financial results on March 10, 2022, after market closure. A conference call for investors is scheduled for the same day at 5:00 p.m. Eastern Time. Interested participants can join by dialing 1-855-327-6837 or 1-631-891-4304 for international callers. A replay will be accessible for two weeks post-call. Bsquare specializes in creating connected products that enhance device management and security, operating IoT networks from 50,000 to over 1 million devices globally.
Bsquare Corporation (NASDAQ: BSQR) announced new Device Hardening Solutions aimed at enhancing security for connected devices across multiple operating systems, including Windows, Linux, and Android. These solutions will help customers mitigate data breach risks and reduce go-to-market time. Bsquare offers two options: Essential Device Hardening, which assists in product design, and Advanced Device and OS Hardening, a turnkey configuration service. Both solutions are designed to ensure secure device participation in connected environments, positioning Bsquare as a leader in IoT security.
Bsquare Corporation (NASDAQ: BSQR) launched its Early Adopter Program (EAP) for SquareOne, a solution designed for managing connected devices at scale. This innovative tool aims to reduce operating costs, increase uptime, and enhance device security through encrypted over-the-air deployments. The EAP is available until March 2022, with general availability expected in the first half of 2022. SquareOne supports Windows, Linux, and Android devices, enabling them to contribute to system management and security. The initiative reflects Bsquare's commitment to advancing IoT technology.
Bsquare Corporation (NASDAQ: BSQR) announced financial results for Q3 2021, reporting $10.6 million in revenue and a net loss of $0.9 million. This marks an improvement from a $1.3 million operating loss in Q2 2021. Cash increased by $32.1 million to $41.4 million due to stock sales. The Edge to Cloud segment saw a 42% revenue increase, while Partner Solutions revenue saw a 3% decline. Operating expenses decreased by $0.3 million. The company plans to invest proceeds from recent stock sales into growth initiatives.
Bsquare Corporation (NASDAQ: BSQR) announced its financial results for Q3 2021 will be released on November 10, 2021, after market close. A conference call will be held at 5:00 p.m. ET to discuss the results. Interested parties can participate by calling 1-800-437-2398 or 1-856-344-9206 (international). A replay will be available for two weeks post-call, and a live webcast will be accessible via Bsquare's investor relations website.
Bsquare Corporation (NASDAQ: BSQR) reported a revenue of $10.7 million for Q2 2021, reflecting a 7.0% increase from Q1 2021. The company faced a loss from operations of $1.3 million, widening from a $0.9 million loss in Q1. Cash reserves decreased by $1.1 million to $9.2 million. Net income was $0.3 million or $0.02 per diluted share, compared to a loss of $0.9 million or $(0.07) per diluted share in Q1. A non-operating gain of $1.6 million from PPP loan forgiveness contributed to this result.
Bsquare Corporation (NASDAQ: BSQR) will announce its second-quarter financial results on August 12, 2021, post-market close. The conference call will begin at 5:00 p.m. ET, accessible at 1-800-430-8332, with an international line at 1-856-344-9206. A replay will be available for two weeks. Bsquare focuses on developing technology for intelligent devices and systems, enhancing revenue streams, and improving operational efficiency for clients worldwide.
Bsquare Corporation (NASDAQ: BSQR) reported its Q1 2021 financial results, revealing a 10% revenue decline to $10.0 million compared to Q4 2020. Net loss grew to $0.9 million, versus $0.2 million loss in the prior quarter. Cash reserves decreased by $2.6 million to $10.4 million. The company's EBITDAS fell by $0.7 million to a loss of $0.6 million. Despite the challenges, CEO Ralph C. Derrickson expressed optimism regarding growth opportunities in the IoT sector. Additionally, the company announced changes in board leadership, with new chairperson Ryan Vardeman set to replace Andrew Harries.
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