Inscape (INQ.TO), maker of office furniture and wall products, reported narrower losses for its fiscal Q1, as the increase in distribution partners helped lift revenues. Net loss was $0.11 per share compared to last year’s net loss of $0.35 per share. This was after revenues grew to $24.1 million from $15.3 million. Increase in sales volume was achieved in all business segments, including West Elm Workspace with Inscape that was introduced in Q2 of last year. The stock last touched $3, moving within a 52-week range $2.70 – $3.30.
The stock closed at $3 during the last session. It is down 4.46% since February 5, 2016 and is downtrending. It has underperformed by 20.95% the S&P500.
Inscape Corporation is an office furniture and wall products manufacturer. The company has a market cap of $27.10 million. The Firm operates in two divisions: Office Furniture segment and Inscape Walls segment. It currently has negative earnings. The Office Furniture segment includes storage, benching, systems and seating solutions, and West Elm Workspace products.
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