Monday, February 4, 2008

RadiSys Reports Q4 Revenue of $99 Million

RadiSys announced revenues of $99.2 million for the quarter ended December 31, 2007 and a net loss of $2.4 million or $0.11 per share. Non-GAAP net income for the fourth quarter was $4.5 million or $0.17 per diluted share. Non-GAAP results exclude a loss of approximately $0.28 per share, primarily attributable to the impact of acquisition-related expenses and stock-based compensation expense.

The company reported 2007 full year revenues of $325.2 million, an increase of 11% compared to 2006 revenues of $292.5 million. The net loss in 2007 was $17.6 million or $0.80 per share, compared to a net loss of $13 million or $0.62 per share in 2006. Non-GAAP net income in 2007 was $7.8 million or $0.33 per diluted share, compared to non-GAAP net income of $12 million or $0.50 per diluted share in 2006.

Commenting on the financial results for the quarter, Scott Grout, President and CEO stated, "We had a strong quarter in our wireless business due to some acceleration of customer demand into the fourth quarter. This combined with a sequential increase in our Commercial business as well as a full quarter of revenue associated with our acquisition of the Modular Communications Platform Division (MCPD) from Intel resulted in record quarterly revenues for the Company with year over year growth for the quarter of 63% and sequential growth of 19%. "