Radisys (RSYS) Sees Q4 Revs at High-End of Range, Postive EPS
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Price: $1.72 --0%
Financial Fact:
Income (loss) before income tax expense (benefit): -1.94M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Income (loss) before income tax expense (benefit): -1.94M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Radisys Corp (NASDAQ: RSYS) announced that, based upon preliminary results which are subject to final review and audit, it expects fourth quarter revenue near the high end of the guidance range provided on October 30, 2012 and positive non-GAAP earnings per share compared to a previous guidance range of ($0.06) to breakeven. Strong Software-Solutions revenues enabled better than expected profitability.
*** The Street was looking for revs of $64.6 million and a loss of 3 cents per share.
“A strong finish to the year in our software and solutions business along with continued operational focus enabled us to return to profitability more quickly than originally expected,” commented Brian Bronson, Radisys President and Chief Executive Officer. “Additionally, we generated positive cash flow in the fourth quarter and have adequate liquidity to retire the $16.9 million of convertible debt coming due in February 2013. We will set a specific earnings release and conference call date over the next month. I look forward to sharing the full results for the quarter, go forward guidance, and an update on the strategic objectives we outlined in October at that time.”
*** The Street was looking for revs of $64.6 million and a loss of 3 cents per share.
“A strong finish to the year in our software and solutions business along with continued operational focus enabled us to return to profitability more quickly than originally expected,” commented Brian Bronson, Radisys President and Chief Executive Officer. “Additionally, we generated positive cash flow in the fourth quarter and have adequate liquidity to retire the $16.9 million of convertible debt coming due in February 2013. We will set a specific earnings release and conference call date over the next month. I look forward to sharing the full results for the quarter, go forward guidance, and an update on the strategic objectives we outlined in October at that time.”
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