View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 6, 2009

Radvision Q1 net loss narrows

Posted a revenue of $18.3m compared to $19.61m for the first quarter of 2008

By CBR Staff Writer

Radvision, an Israel-based developer of products and technologies for unified visual communications, has posted a net loss of $837,000, or $0.04 per diluted share, for the first quarter ended March 31, 2009, compared with a net loss of $3.07m, or $0.15 per diluted share, in the first quarter of 2008.

The company posted revenues of $18.3m for the first quarter of 2009, compared with revenues of $19.61m in the first quarter of 2008.

The operating loss for the first quarter of 2009 was $1.36m compared with an operating loss of $4.11m in the first quarter of 2008.

Revenue from networking business unit decreased to $13.6m from $14.1m for the first quarter 2008 and revenue from technology business unit decreased to $4.7m compared to $5.5m for the same period last year. 

Boaz Raviv, CEO of Radvision, said: We reached our goal of returning to profitability on a non-GAAP basis in the first quarter of 2009 even though our revenues were 4% lower than expected because of below forecast sales of our networking business unit.

The improvement in our profitability was made possible by the planned reduction in our operating expenses, following a year of accelerated investment to advance our technology, and deepen and broaden our channel relationships, which has produced significant results.

 

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Total revenues for the first quarter of 2009 consisted of $13.6 million for the Networking Business Unit (NBU) and $4.7 million for the Technology Business Unit (TBU). This compares with $14.1 million for the NBU and $5.5 million for the TBU reported in the first quarter of 2008.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU