TUALATIN, Ore. (AP) — CUI Global Inc. (CUI) on Wednesday reported a loss of $3 million in its first quarter.
On a per-share basis, the Tualatin, Oregon-based company said it had a loss of 11 cents. Losses, adjusted for amortization costs and stock option expense, came to 10 cents per share.
The electronics company posted revenue of $23 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $1.19. A year ago, they were trading at $2.65.