Nexteq posts modest revenue gain as margins narrow; earnings hit by component costs
Nexteq reported full-year revenue of $90.20 million, a 4% increase year-over-year driven by strength in its gaming segment. Adjusted earnings per share declined 29% to $0.04 as gross margin fell to 32.8%, pressured by rising memory component costs and shifts in customer and product mix. Management flagged a sharp drop in volumes from its largest cu…