ViewCast Trims Losses on Flat Revenue in Q1 2012

Posted by Joe Zaller
May 15 2012

ViewCast reported that its sales in the first quarter of 2012 were $3.4m, up slightly from the same period a year ago, and flat with the previous quarter.

The net loss for the first quarter 2012 was $405,000 compared to net loss of $791,000 last year and a net loss of $936,000 last quarter.

On an operating basis, the company last $275,000 in the quarter, versus an operating loss of $417,000 last year.  Operating expenses for the first quarter 2012 were $2.4m compared to $2.6m last year.

The EBITDA loss for the quarter was $234,000, compared to an EBITDA loss of $578,000 last year, and an EBITDA loss of $721,000 last quarter.

 

Guidance for remainder of 2012

ViewCast said it anticipates revenues to stay relatively stable for the second quarter. As new product categories are added beginning at the end of the second quarter and new markets entered throughout the remainder of the year, the company anticipates that revenues will begin a long and steady upward ramp. Because the Company now operates at a lower break-even point, ViewCast believes that incremental revenues will have a greater positive impact on operating results and the bottom line.

 

New ViewCast CEO John Hammock said, “Since I took over as CEO, we have undertaken the decisive actions, necessary changes and exciting advances that will combine to move the Company to the next level. In less than six months, we have upgraded the entire commercial team, enhanced our development productivity and lowered overall quarterly operating expenses by $490,000, or 17 percent, compared to the prior year quarter.”

.

.

Related Content:

Press Release: ViewCast Reports 2012 First Quarter Results

Previous Quarter: Revenue Down, Losses Up at ViewCast in 2011

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

ViewCast Replaces CEO

.

© Devoncroft Partners. All Rights Reserved.

.

Comments are closed.

%d bloggers like this: