Radisys Reports Q1 Preliminary Revenue, Exceeding High-end Of Prior Guidance

(RTTNews) - Radisys Corp. (RSYS) announced preliminary first quarter 2018 revenue of about $25.5 million, exceeding the high-end of the company's prior guidance range of $22 million to $24 million. The company also expects non-GAAP loss per share to be within the prior guidance range of $0.08 - $0.12 per share. Analysts polled by Thomson Reuters expect the company to report a loss of $0.11 per share and revenues of $22.51 million for the first-quarter. Analysts' estimates typically exclude special items.

"Our preliminary first quarter results reflect better than anticipated orders, primarily in our Hardware Solutions segment, with Software-Systems in-line with our expectations," said Brian Bronson, Radisys president and CEO. "Importantly, we remain on track to return to non-GAAP profitability in the second half of this year, as we benefit from our recently implemented cost-reduction initiatives and Software-Systems increasingly becomes a greater portion of total revenue.

Radisys noted that it will report its complete first quarter 2018 results as part of the Company's quarterly earnings conference call, which is currently scheduled for May 1, 2018.