Radisys Corp (RSYS) Misses Q3 EPS by 14c
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Radisys Reports Third Quarter 2017 Results
November 7, 2017 4:05 PM ESTHILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced financial results for the third quarter ended September 30, 2017.
Third Quarter Summary
Consolidated revenue of $28.8 million, above the midpoint of the Companys prior guidance range of $26 to $30 million; GAAP loss per share was $0.39, and non-GAAP loss per share was $0.28. Included in both GAAP and non-GAAP loss per share was an expected inventory charge of approximately $7.0 million associated largely with legacy embedded products, which increased the loss by $0.18 per... More