CHARLOTTE, N.C.-Glenayre Technologies Inc. reported second-quarter net earnings of $1.4 million, or 2 cents per share, compared with a net loss of $61.3 million, or 99 cents a share, reported for the same period a year ago.
The company’s Enhanced Services Platform contributed most to its financial performance, while the traditional wireless messaging business declined by 14 percent to $27.7 million in net sales.
Earnings before interest, taxes, depreciation and amortization were $6.2 million-the highest since the third quarter of 1998-compared with an EBITDA loss of $83.8 million last year.
