MRV Communications (MRVC) Reports Q1 Loss of $0.07

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Go back to MRV Communications (MRVC) Reports Q1 Loss of $0.07

MRV Reports First-Quarter 2015 Results

May 7, 2015 4:01 PM EDT

GAAP Net loss of $1.1 million improves $3.1 million compared to a year ago driven by higher gross margins and lower operating expenses

CHATSWORTH, Calif.--(BUSINESS WIRE)-- MRV Communications (NASDAQ: MRVC), a global supplier of packet and optical solutions that power the worlds largest networks and a provider of network integration services for communication service providers, reported financial results for the three months ended March 31, 2015.

Mark Bonney, president and chief executive officer of MRV, stated, In the first quarter, we achieved significantly improved financial results, both sequentially and... More