The bottom line rebounded to net income of $20,294,000 in Q1 against last year’s loss of $79,465,000, benefiting from a $145 million tax benefit from net operating loss carrybacks as part of the CARES Act. Revenue for the quarter declined 31% to $188,158,000 over $271,890,000. By geography, U.S. sales, 54% of the total, were down 24% to $102 million; International declined 37% to $86 million; Americas was down 30% to $11 million; EMEA dropped 35% to $57 million; and APAC tumbled 47% to $18 million.

Device sales stood at 2.2 million units, down 26%, as one product introduction in the quarter ... Log in to view full article.