x
ATCA/Standard Servers

RadiSys Reports Q2

HILLSBORO, Ore. -- RadiSys(R) Corporation (NASDAQ:RSYS) , a leading global provider of advanced embedded solutions, today announced revenues of $75.5 million for the quarter ended June 30, 2007 and a net loss of $7.3 million or $0.34 per share. Non-GAAP net loss for the second quarter was $159 thousand or $0.01 per share. This compares to revenue of $84.5 million in the second quarter of 2006 and revenue of $66.9 million in the first quarter of 2007. Non-GAAP results in the second quarter excluded a loss of $0.33 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 stated, "We grew revenues by 13% sequentially as both our communications and commercial businesses increased from the first quarter. Our cash flow returned to positive levels in second quarter as we increased our cash and investments by $7.3 million." Mr. Grout went on to say, "I continue to be pleased with our design win traction including our design-in progress on many of our previous wins. In the second quarter, we closed additional new business in applications that include wireline, packet inspection, security gateway servers, military, network security, test and measurement and medical imaging. Many of our previous design wins are well into the design-in phase and our customers are making significant investments to integrate our products into their solutions. We are seeing meaningful collaboration and engagement between our technical team and our customers' to support their development programs. Our funnel of potential new design wins also remains strong with sizable opportunities across a broad range of applications."

Radisys Corp. (Nasdaq: RSYS)

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE