Alvarion Ltd. reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenues were $33.310 million compared to $46.501 million a year ago. Operating loss was $6.269 million compared to $14.533 million a year ago. Net loss before tax was $6.866 million compared to $14.452 million a year ago. Net loss was $6.866 million, or $0.11 per basic and diluted share compared to a net loss of $14.452 million, or $0.23 per basic and diluted share a year ago. Non-GAAP net loss was $5.393 million, or $0.09 per basic and diluted share. Non GAAP operating loss was $4.796 million and non GAAP net loss before tax was $5.393 million. Net cash used in operations was $11.215 million. Purchase of fixed assets was $0.929 million. For the second quarter of 2012, revenues will be in the range of $31 million to $38 million. Depending on shipment volume and mix, second quarter non-GAAP per share results are expected to range between a loss of $0.06 and $0.13. The GAAP per share results are expected to range between a loss of $0.08 and $0.15, before any one-time charges.