DSP Group Inc. (NASDAQ:DSPG) Reports 2Q18 Profit Up 17%; Beats Street View

DSP Group Inc. (NASDAQ:DSPG) revealed net loss for the second quarter of $ 0.29 million or 1 cents per share, compared to loss of $ 0.59 million or 3 cents per share, in the year-ago period.

On adjusted basis, DSPG reported Non-GAAP net income $ 1.61 million or 7 cents per share.

Headquartered in Milpitas, California, the company disclosed, revenue that reached $ 30.65 million, decreased 2% from $ 31.30 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.02 per share from $ 30.46 million in revenue.

Ofer Elyakim, CEO of DSP Group, stated, We are excited to report that our Office/VoIP, SmartVoice and SmartHome revenues accounted for the majority of our sales for the first time. Better product mix and operating efficiencies also drove better than expected gross and operating margins. Moreover, we accomplished a major milestone by receiving Amazon’s AVS certification for our far-field voice activation solution.

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