[May 10, 2013] Interphase Q1 net loss up Tweet May 10, 2013 (Datamonitor via COMTEX) -- Interphase Corporation, a provider of information and communications technology services, has reported that net loss for the first quarter ended March 31, 2013 was $1.41 million, or $0.20 loss per diluted share, compared to a net loss of $929,000, or $0.13 loss per diluted share, for the same quarter ended March 31, 2012. Revenues for the first quarter ended March 31, 2013 were $3.28 million, compared to $4.01 million for the same quarter ended March 31, 2012. Loss from operations for the first quarter ended March 31, 2013 were $1.06 million, compared to $937,000, for the same quarter ended March 31, 2012. Total assets as of March 31, 2013 were $14.53 million, compared to $15.18 million as of December 31, 2012. Gregory Kalush, CEO and president of Interphase, said:"Our revenue results for the first quarter of 2013 reflect a continued weakness in the telecom market worldwide. We had Electronic Manufacturing Services orders in house that would have allowed us to grow sequentially and achieve similar revenue levels to those achieved in the first quarter of 2012, but a global parts shortage from one of the suppliers kept us from meeting this goal. "However, we have since received those parts, and I am pleased to say that we will begin fulfilling this order early in the second quarter. It is important to note that we have also received a second order from this customer, and it is double the size of the first order. We expect to begin fulfilling this next order during the second and throughout the third quarter of 2013. There is very strong interest in our engineering design and manufacturing services, and we expect to enjoy significant revenue growth in 2013 in this area of our business. I would also like to mention that penveu has entered the second phase of our internal beta testing, and we expect to enter external beta testing soon." 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 ]