Dsp Group (DSPG) swung to a net profit for the quarter ended Dec. 31, 2016. The company has made a net profit of $1.31 million, or $ 0.06 a share in the quarter, against a net loss of $0.11 million, or $0.07 a share in the last year period. On the other hand, adjusted net income for the quarter stood at $3.02 million, or $0.13 a share compared with $1.67 million or $0.07 a share, a year ago. 

Revenue during the quarter grew 4.47 percent to $35.28 million from $33.77 million in the previous year period. Gross margin for the quarter expanded 207 basis points over the previous year period to 45.05 percent. Operating margin for the quarter period stood at positive 3.10 percent as compared to a negative 1.45 percent for the previous year period.

Operating income for the quarter was $1.09 million, compared with an operating loss of $0.49 million in the previous year period.

Commenting on the results, Ofer Elyakim, chief executive officer of DSP Group, stated, "We are delighted that in 2016 our new products were well received in the marketplace and strongly contributed to our achievement of record high revenues of $59.3 million, representing an increase of 48% year over year and accounting for 43% of total revenues. Moreover, we are very pleased with our financial performance in which we realized a 270 bps improvement in non-GAAP gross margins and 70 bps improvements in non-GAAP operating margins to 44.4% and 5.9%, respectively, as well as the accomplishment of record cash flow from operations in the amount of $16.5 million."