Expects revenue to range between $67m and $71m for Q1 2011
RadiSys, a provider of hardware and software platforms for IP-based wireless, wireline and video networks, has reported net revenues of $66.8m for the fourth quarter of 2010, a decrease of 14.5% compared to $78.1m for the same period last year.
The company posted an operating loss of $1.1m for the fourth quarter of fiscal 2010, compared to an operating income of $1.1m for the same period last year.
For the quarter ended 31 December 2010, the company reported a net loss of $2.1m, compared to a net income of $0.48m for the same period a year ago.
Loss on diluted earnings per share was $0.09, compared to a gain on EPS by $0.02 for the corresponding period last year.
Geographically, North America net revenue was $23m, which accounted for 33.9% of the total revenue, Europe accounted for 30.3% of net revenue with $20.3m, while Asia Pacific region accounted for 35.8% with $24m net revenue.
For the fiscal year 2010, the company’s total revenues decreased to $284m, from $304.3m in the previous fiscal year.
The company registered an operating income of $0.69m compared to an operating loss of $2.2m for the previous fiscal year.
Net loss for the fiscal 2010 decreased to $0.37m from $42.6m in fiscal 2009.
RadiSys president and CEO Scott Grout said in 2010, they were awarded business with many new and existing customers across a wide range of applications including new fourth quarter wins in VQE, mobile video, network security, military communications and fixed mobile convergence applications.
"We also continue to make good progress in offering more software rich offerings such as our new LTE security gateway product where our customer completed lab evaluations and began customer field trials in the fourth quarter," Grout said.
For first quarter 2011, the company expects revenue to be between $67m and $71m.