Alvarion suffered a big year-over-year revenue drop in its first quarter. The company's newly released results show revenue of $8.5 million, a decline of more than 45% from the $15.6 million in the same period the previous year. The company's non-GAAP net loss, meanwhile, widened to $3.2 million ($0.51 per share) from Q1 2012's shortfall of $2.7 million ($0.43).
In spite of the somewhat discouraging figures, Alvarion sounded a positive note about its immediate future. The company quoted its acting CEO, Assaf Katan, as saying that "we are seeing solid demand for our product offering from customers, which we expect to support our growth in the second half of 2013."
The article Alvarion Widens Loss in Q1 originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Alvarion. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.