Alvarion Widens Loss in Q1
May 20th 2013 9:19PM
Updated May 21st 2013 1:00AM
Alvarion suffered a big year-over-year revenue drop in its first quarter. The company's newly released results show revenue of $8.5 million, a decline of more than 45% from the $15.6 million in the same period the previous year. The company's non-GAAP net loss, meanwhile, widened to $3.2 million ($0.51 per share) from Q1 2012's shortfall of $2.7 million ($0.43).
In spite of the somewhat discouraging figures, Alvarion sounded a positive note about its immediate future. The company quoted its acting CEO, Assaf Katan, as saying that "we are seeing solid demand for our product offering from customers, which we expect to support our growth in the second half of 2013."
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