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Avistar Communications swings to loss of USD2.4m in Q1 of fiscal 2011
[April 22, 2011]

Avistar Communications swings to loss of USD2.4m in Q1 of fiscal 2011


Apr 22, 2011 (TELECOMWORLDWIRE via COMTEX) -- Avistar Communications Corporation (PinkSheets: AVSR.PK), a provider of unified visual communications solutions, reported on Thursday a net loss of USD2.4m, or USD0.06 per share, for the first quarter of fiscal 2011 ended 31 March 2011.



This shows a decline from net income of USD10.2m, or USD0.26 per share, in the first quarter of 2010.

Total revenues for the quarter were USD1.4m, as compared to USD14.8m in the corresponding quarter of the prior year.


Avistar said this decline in revenues reflects the recognition of the license and sale of patents for USD14m in the first quarter of 2010. Product revenues were USD1.3m for the quarter, against product revenues of USD0.6m in Q1 2010.

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