[May 16, 2013] Ceragon Networks Q1 net loss up Tweet May 16, 2013 (Datamonitor via COMTEX) -- Ceragon Networks Ltd., a provider of wireless backhaul solutions, has reported that net loss for the first quarter ended March 31, 2013 was $14.14 million, or $0.38 loss per share, compared to a net loss of $7.39 million, or $0.20 loss per share, for the same quarter ended March 31, 2012. Revenues for the first quarter ended March 31, 2013 were $90.09 million, compared to $110.05 million for the same quarter ended March 31, 2012. Gross profit for the first quarter ended March 31, 2013 was $27.46 million, compared to $32.81 million for the same quarter ended March 31, 2012. Total assets as of March 31, 2013 were $368.23 million, compared to $393.6 million as of December 31, 2012. Ira Palti, President and CEO of Ceragon, said: "Our financial results for the first quarter of 2013 reflect longer sales cycles. The outlook remains the same as we indicated on April 8. We are not seeing carriers cancelling or reducing the scope of their planned projects, and the delays in closing deals relate mainly to operator hesitation during a period of reevaluating business models with a network architecture transition on the horizon. "Meanwhile, the response to our new product line from initial evaluations is very encouraging, and we expect to be able to capitalize on our leadership position beginning next year when the transition to new architectures expands beyond early adopters." 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 ]