[April 15, 2013] MRV Communications reports net income for Q4 Tweet Apr 15, 2013 (Datamonitor via COMTEX) -- MRV Communications, Inc., a provider of optical communications network infrastructure equipment and integration and managed services, has reported a net income of $5.61 million, or $0.72 per share, for the fourth quarter ended December 31, 2012, compared to a net loss of $6.5 million, or $0.82 loss per share, for the same quarter ended December 31, 2011. Revenue for the fourth quarter ended December 31, 2012 was $45.95 million, compared to $44.65 million for the same quarter ended December 31, 2011. Net income for the year ended December 31, 2012 was $5.66 million, or $0.72 per diluted share, compared to a net loss of $6.83 million, or $0.87 loss per diluted share, for the year ended December 31, 2011. Revenue for the year ended December 31, 2012 was $151.66 million, compared to $157.07 million for the year ended December 31, 2011. "2012 was a year of significant achievement for MRV resulting in a clear strategic direction for the business. We sold three non-core business units, paid out $58 million in cash dividends to our stockholders, commenced a buyback program for our Common Stock, streamlined our operations, strengthened our management team and renewed our focus on building a world class Network Equipment business," said David Stehlin, MRV's CEO. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]