Embedded systems company shows

RadiSys, a global provider of advanced embedded systems, has announced revenues of $66.9 million for the quarter ended 31st March 2007 and a net loss of $5.4 million or $0.25 per share. Non-GAAP net income for the first quarter was $0.7 million or $0.03 per diluted share. This compares with revenue of $65.8 million in the first quarter of 2006 and revenue of $60.7 million in the fourth quarter of 2006.

Non-GAAP results excluded a loss of $0.28 per share, primarily attributable to the impact of acquisition-related expenses, stock-based compensation expense and restructuring charges.

Commenting on the financial results for the quarter, Scott Grout, President and CEO says: 'We grew revenues by 10% sequentially and improved Non-GAAP financial results as our communications business rebounded from the fourth quarter'.

'Over the last two quarters, we closed new business in a wide variety of applications including network security, wireless gateways, billing, messaging, video encoders, IPTV and medical imaging'.
Further reading

COM Express modules based on quad-core processors
RadiSys has launched at Embedded World two new PICMG-compatible COM Express modules and a quad core embedded server for high-performance applications

Development kit includes real-time OS
The RadiSys Multicore Development Kit provides embedded systems designers with the software tools and real-time operating systems they need to develop innovative multicore-based designs

'Our net cumulative design wins increased from October of last year to an estimated range of $600 to $700 million'.

'These wins include projected future business with over 50 new customers across a broad array of markets and applications'.

'Our design win estimates are based on non-committed projected revenues through the first three years of our customers' production and deployment, and the amount and timing of meaningful deployments cannot be certain'.

Grout continues: 'Our funnel of potential new design wins remains robust with sizable opportunities across a broad range of applications, and we currently expect our annual design wins to be similar to last year's wins'.