Radisys reported Q4 2015 revenue of $44.1 million, compared to $44.8 million in the prior quarter and $48.2 million in the fourth quarter of 2014. Gross margin (GAAP) in the fourth quarter of 2015 was 31.6%, compared to 29.0% in the prior quarter and 29.0% in the fourth quarter of 2014. There was a GAAP net loss of $1.4 million, or $0.04 per share, compared to a GAAP net loss of $2.1 million, or $0.06 per share, in the prior quarter and GAAP net loss of $4.5 million, or $0.12 per share, in the fourth quarter of 2014.
Some highlights for Q4:
- Software-Systems revenue was $15.7 million, representing over 50% year-on-year growth, with gross margin of 61.5%;
- Received orders totaling approximately $19 million for the company’s next-generation datacenter infrastructure product, targeted at telecom and cable operators, from a tier-one North American carrier; and
- GAAP loss per share improved $0.08 year-on-year. Non-GAAP earnings were $0.08 per diluted share, an increase of $0.07 per share year-on-year.
“As highlighted in our January preannouncement, our fourth quarter results are indicative of the strong traction we are making across all of our product lines,” said Brian Bronson, Radisys President and CEO. “For the full year, we shipped over $14 million of MediaEngine product to our large Asian carrier customer, exceeded expectations by delivering over $5 million of FlowEngine products predominately to a tier-one North American carrier and returned CellEngine to revenue growth. These achievements, coupled with strong operating income from our Embedded Products segment, enabled us to exceed our initial guidance for both revenue and earnings in 2015.”
