ViewCast Posts Loss for Q2 and 1H 2011 on Slightly Higher Revenues

Posted by Joe Zaller
Aug 15 2011

ViewCast Corporation reported that its revenue for the second quarter of 2011 was $4.3m, an increase of 2.7% versus the same period a year ago, and up 14.7% versus the previous quarter

The company attributed its improved top-line performance to growth in its Osprey PC card platform, which it said increased by 23% versus last year.

Net loss for the quarter was $378,000, similar to the $390,000 loss last year, but an improvement on the $791,000 loss in the first quarter of 2011.  On a non-GAAP basis, the company an EBITDA loss of $142,000, essentially flat with last year. The operating loss for the quarter was $315,000, a slight improvement versus a loss of $340,000 last year and much better than the operating loss of $750,000 last quarter.

 

1H 2011 Results:

For the first six months of 2011, ViewCast had revenue of $8m, an increase of 18% versus last year.

The company’s net loss for the six-months 2011 was $1.2m, and the operating loss was $1.1m, compared to a net loss of $701,000 and an operating loss of $624,000 last year.

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Related Content:

ViewCast press release: ViewCast Reports 2011 Second Quarter, Six-Month Results

ViewCast Replaces CEO

Previous Quarter: ViewCast Reports Higher Losses in First Quarter of 2011

Previous Year: ViewCast Q2 2010 Revenues Up, Losses Down

You can learn more about ViewCast’s business and strategy here: ViewCast Corporate Presentation

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