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PRCP - Perceptron down 12% after earnings miss bookings falls 17%
Perceptron Inc.
Perceptron (NASDAQ:PRCP) has fallen 12% after missing on top and bottom lines in its FQ3 report.
The Company reported adj. net loss of $1.1M, or -$0.11/share vs. a consensus of -$0.08.
Key metrics: Gross profit margin increased 190 bps to 34.6%; Total bookings were $10.9M (-17%); Backlog, $31.2M; Cash and short-term investments were $10.6M (includes borrowings of $2.5M).