Revenue during the quarter dropped 6.20 percent to $113.67 million from $121.18 million in the previous year period. Gross margin for the quarter expanded 144 basis points over the previous year period to 20.48 percent. Operating margin for the quarter period stood at positive 1.84 percent as compared to a negative 85.33 percent for the previous year period.

Operating income for the quarter was $2.09 million, compared with an operating loss of $103.41 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $7.86 million compared with $8.15 million in the prior year period. At the same time, adjusted EBITDA margin improved 19 basis points in the quarter to 6.91 percent from 6.72 percent in the last year period.

Daniel Bernstein, president and chief executive officer, said, "After several consecutive quarters of downward trending sales, our book-to-bill ratio for our two largest businesses reached a record high level since 2014 of 1.2 in the first quarter of 2017. While we are still in 'wait-and-see' mode on the ultimate timing of the upturn in sales, this is certainly the best indicator weve seen in a long time. Also during the quarter, we worked with Avnet to finalize a new global franchise agreement that will give us access to a broader array of customers worldwide. The new agreement will also enable us to provide these customers with world-class design and supply chain support which will bring our products to market more quickly and cost-effectively.