Concurrent Computer Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011
January 31, 2012 at 09:01 pm
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Concurrent Computer Corporation announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported total revenues of $16,410,000 compared to $17,852,000 for the same period a year ago. Operating loss was $461,000 compared to $502,000 for the same period a year ago. Loss before income taxes was $641,000 compared to $548,000 for the same period a year ago. Net loss was $833,000 compared to $1,189,000 for the same period a year ago. Basic and diluted net loss per share was $0.10 compared to $0.14 for the same period a year ago.
For the six months, the company reported total revenues of $29,298,000 compared to $33,398,000 for the same period a year ago. Operating loss was $2,965,000 compared to $1,459,000 for the same period a year ago. Loss before income taxes was $3,132,000 compared to $1,477,000 for the same period a year ago. Net loss was $3,433,000 compared to $2,400,000 for the same period a year ago. Basic and diluted net loss per share was $0.40 compared to $0.29 for the same period a year ago. At December 31, 2011, the company has no debt.
CCUR Holdings, Inc. operates in the financial services industry. The Companyâs subsidiary, Recur Holdings LLC, conducts, holds and manages real estate operations. The Company serves as a co-sponsor to Crixus BH3 Acquisition Company. The Company is further evaluating for acquisition purposes additional operating business and assets to maximize the value of its assets.