Avistar Communications Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 26, 2012 at 12:26 pm
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Avistar Communications Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net loss of $2,312,000 or $0.06 per basic and diluted share on total revenue of $1,166,000 compared to net loss of $1,879,000 or $0.05 per basic and diluted share on total revenue of $1,622,000 for the same period a year ago. Loss from operations was $2,250,000 compared to $1,933,000 for the same period a year ago. Loss before provision for income taxes was $2,308,000 compared to loss before benefit from income taxes of $1,956,000 for the same period a year ago. LBITDA was $2,224,000 compared to $1,923,000 for the same period a year ago. Adjusted LBITDA was $1,855,000 compared to $1,650,000 for the same period a year ago.
For the full year, the company reported net loss of $6,429,000 or $0.16 per basic and diluted share on total revenue of $7,949,000 compared to net income of $4,449,000 or $0.11 per basic and diluted share on total revenue of $19,657,000 for the same period a year ago. Loss from operations was $6,223,000 compared to income from operations of $4,269,000 for the same period a year ago. Loss before provision for income taxes was $6,425,000 compared to income before benefit from income taxes of $4,209,000 for the same period a year ago. LBITDA was $6,118,000 compared to EBITDA of $4,460,000 for the same period a year ago. Adjusted LBITDA was $4,717,000 compared to adjusted EBITDA of $5,728,000 for the same period a year ago. Net cash used in operating activities was $1,006,000 compared to net cash from operating activities of $5,956,000 for the same period a year ago. Amount spent on purchase of property and equipment was $72,000 compared to $228,000 for the same period a year ago. The difference in revenue was primarily reflects the recognition of the license and sale of patents for $14.0 million in 2010.
Avistar Communications Corporation is engaged in providing all-software videoconferencing products. The Company's product line includes Avistar C3 Communicator, Avistar C3 Unified, Avistar C3 Media Engine, Avistar C3 Conference, Avistar C3 Call Control, Avistar C3 Connect, Avistar C3 Tunnel, Avistar C3 Command and Avistar C3 Integrator. It provides solutions, such as bandwidth management, communications-enabled business processes (CEBP), cloud, enterprise endpoints, firewall traversal, gateway, multiparty control unit (MCU) bridge, session initiation protocol (SIP) registrar, unified communications and virtualization. It also provides collaboration pattern analysis, client build release, and network management and support. It serves education, entertainment and media, finance, healthcare and manufacturing industries. The Avistar C3 bandwidth management enables users to access desktop videoconferencing, Voice over Internet Protocol (VoIP) and streaming media.