RadiSys Reports Q3
"We achieved our highest revenue level in five years and had a strong quarter from a financial perspective," stated Scott Grout, CEO. "In addition, I would like to emphasize the progress we are making with our new products and the long-term strategy for the Company. We successfully closed a number of new ATCA awards in the quarter tied to wireless voice, wireless data and VoIP applications and continued to build a strong funnel for our new ATCA products. We also closed two new COM-express awards and generated additional new business in test and measurement applications and medical systems."
"We are very encouraged by our new product traction and in the building momentum we are seeing with our new solutions," stated Mr. Grout. "Since the beginning of the year, we've closed business on new products that we currently estimate will bring us $200 million in new revenues when in deployment, including applications with 17 new customers."