RADVISION Reports First Quarter 2012 Results
RADVISION recently reported slight revenue losses for the first quarter of 2012.
The company is a provider of video conferencing and telepresence technologies over IP and wireless networks. The firm partners with its channel and service provider partners and provides end-to-end visual communications to its clients. RADVISION offers unique technologies that utilize the power of video, voice and data over any network.
Revenues for their first quarter this year were $17.4 million, which indicated an operating loss of $7.5 million for the first quarter of 2012. These figures also compare to revenues of $20.8 million in the first quarter of 2011.
On a GAAP basis, the net loss for the first quarter of 2012 was $6.7 million, or $0.36 per diluted share. It was $5.4 million, or $0.29 per diluted share, on a non-GAAP basis. The net loss was $3.3 million, or $0.18 per diluted share, on a GAAP basis in the first quarter of 2011. It was $2.4 million, or $0.13 per diluted share, on non-GAAP basis, the company stated in a press release.
"Our Video Business Unit exceeded our expectations in the first quarter due to higher than expected sales of both our infrastructure and endpoint products,” said Boaz Raviv, the company’s CEO. “This strong performance more than offset lower Technology Business Unit revenues. Over the past two years we have been successfully transforming RADVISION into an end-to-end videoconferencing solution provider with leading technology. That transformation has continued in 2012. In March, we debuted the first and the flagship product of our next generation video system.”
In 2011, TMC’s, Madhubanti Rudra reported the second quarter financial results of RADVISION for 2011. Revenues for the second quarter of 2011 were $18.1 million, in line with the company’s revised forecast. This signifies the operating loss of $6.4 million on a GAAP basis and $5.5 million on a non-GAAP basis compared with $23.3 million in the second quarter of 2010.
Edited by Braden Becker