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Radisys Reports Third Quarter 2018 Results
Last radisys corp earnings: 11/8 04:05 pm
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US:NASDAQ Investor Relations: radisys.com/investor-relations
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HILLSBORO, Ore.--(BUSINESS WIRE)-- Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced financial results for the third quarter ended September 30, 2018. Third Quarter Summary Consolidated revenue of $27.0 million, with Software-Systems revenue growth of 24% year-over-year; GAAP gross margin of 43.4% and non-GAAP gross margin of 43.6%; GAAP loss of ($0.05) per share and non-GAAP earnings of $0.05 per diluted share; and Exited the quarter with $14.1 million of consolidated cash, cash equivalents and restricted cash, an increase of $4.5 million over prior quarter. “Our third quarter results reflect continued strength across our business, and although we incurred a net loss on a GAAP basis, we achieved a second consecutive quarter of non-GAAP profitability,” said Brian Bronson,
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