Product category: Networking Hardware
News Release from: RadiSys Corporation
Edited by the Electronicstalk Editorial Team on 30 April 2007
Embedded systems company shows
minor gains in Q1
RadiSys has announced first quarter revenues up slightly on the same period last year
RadiSys, a global provider of advanced embedded systems, has announced revenues of $66.9 million for the quarter ended 31st March 2007 and a net loss of $5.4 million or $0.25 per share. Non-GAAP net income for the first quarter was $0.7 million or $0.03 per diluted share. This compares with revenue of $65.8 million in the first quarter of 2006 and revenue of $60.7 million in the fourth quarter of 2006.
This article was originally published on Electronicstalk on 30 April 2007 at 8.00am (UK)
Related stories
Kit speeds switch to MicroTCA
MicroTCA platform development kit will help telecommunications equipment manufacturers migrate to a smaller and more cost effective form factor
COM Express module powers ATCA systems
Module supports telecomms and other communications applications with a proven computing platform for a variety of wireless and wireline applications
Non-GAAP results excluded a loss of $0.28 per share, primarily attributable to the impact of acquisition-related expenses, stock-based compensation expense and restructuring charges.
Commenting on the financial results for the quarter, Scott Grout, President and CEO says: 'We grew revenues by 10% sequentially and improved Non-GAAP financial results as our communications business rebounded from the fourth quarter'.
'Over the last two quarters, we closed new business in a wide variety of applications including network security, wireless gateways, billing, messaging, video encoders, IPTV and medical imaging'.
'Our net cumulative design wins increased from October of last year to an estimated range of $600 to $700 million'.
'These wins include projected future business with over 50 new customers across a broad array of markets and applications'.
'Our design win estimates are based on non-committed projected revenues through the first three years of our customers' production and deployment, and the amount and timing of meaningful deployments cannot be certain'.
Grout continues: 'Our funnel of potential new design wins remains robust with sizable opportunities across a broad range of applications, and we currently expect our annual design wins to be similar to last year's wins'.
• RadiSys Corporation: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
•
• Electronicstalk Home Page
Related Business News
Japan's Kansai Elec sees no boost in energy imports
Tokyo, Sept 5 (Reuters) - Japanese utility Kansai Electric Power Co Inc said on Wednesday it has no plans to boost energy imports or restart its decommissioned thermal plants to cope with an unplanned shutdown of its nuclear unit.
Major Challenges and Issues Facing the...
...Medium-Small Sized Touch Panel Industry. Reportlinker.com announces that a new market research report related to the worldwide components industry is now available to its catalogue.
Smart Sensor Solution for Automotive Electronics Industry by VTI
The new VTI automotive digital accelerometer family has been designed to support the trend towards intelligent integration and smart sensing combined with improved reliability and sophisticated self-test features.
Maxscend Technologies to Showcase Latest DAB/DAB+/DMB...
...Solution at IBC 2007. Maxscend Technologies, a leading mobile DTV chip solution provider, will be showcasing its MXD0120, the DAB/DAB+/DMB demodulator with the lowest power consumption in the industry, as well as being the smallest in size, at the International Broadcasting
Intoto Firewall Sets 16Gbps Performance Record
Intoto, the leading provider of security software for network infrastructure equipment, today announced that its iGateway Firewall has set a new industry performance standard as the first firewall to deliver up to 16 Gigabits per
Search the Pro-Talk network of sites
