Radisys Corporation and Octasic Inc. Partner to Deliver 3G and LTE on a Dual-Mode Base Station
Feb 24 15
Radisys Corporation and Octasic Inc. announced the integration of Radisys’s CellEngine™ TOTALeNodeB™ LTE small cell software and Femtotality 3G small cell software with Octasic’s dual-sector small cell SDR platform, the OCTBTS 3500. By adding support for both 3G and LTE small cell deployments on the same platform, customers can leverage a common software and baseband processing platform to support any combination of GSM, CDMA2000, HSPA, LTE air interfaces, or custom air interfaces. In addition to mobile network operators, aerospace and defense, public safety and search and rescue organizations require highly compact, power-efficient and portable base stations. The OCTBTS 3500 with dual-mode LTE and 3G support allows for the rapid deployment of outdoor small cells, rural networks, deployable networks, private cellular networks and vehicle-mounted base stations to provide coverage when it’s needed, where it’s needed.
RadiSys Corporation Announces Management Changes
Feb 17 15
Radisys Corporation announced that effective February 17, 2015, Jonathan Wilson has been promoted to Chief Financial Officer, Vice President of Finance and Secretary. Mr. Wilson, who joined Radisys in May 2011 and has served as the Corporate Controller of the company as well as most recently the Director of Finance, Tax and Treasury, will succeed Allen Muhich, who has resigned as Chief Financial Officer, Vice President of Finance and Secretary to pursue other opportunities.
RadiSys Corporation and ASOCS, Ltd Partner to Deliver Virtual Base Stations for Mobile Operators’ Cloud RAN Deployments
Feb 10 15
RadiSys Corporation and ASOCS Ltd. have collaborated to provide mobile operators with an NFV compatible virtual base station for their localized Cloud RAN (C-RAN) deployments. By leveraging virtualized base stations and moving their networking infrastructure to the cloud, mobile operators can increase capacity and reduce total cost of ownership. Exploding smartphone usage is pressuring mobile operators to add capacity at a time when the cost of building, operating and upgrading the traditional RAN is becoming more expensive. Mobile operators need application-ready C-RAN platforms that are not only cost-effective, but are designed to maximize the speed of network functions running in a virtualized environment. Radisys and ASOCS virtual base station solution delivers a C-RAN ready platform that can accelerate mobile operators’ cloud deployments and fully realize the benefits of virtualized network functions. The fusion of Radisys’ TOTALeNodeB™ LTE small cell software as part of the ASOCS vBS architecture delivers a virtualized software implementation of a complete base station deployed in a virtual machine on standard commercial off-the-shelf (COTS) servers. TOTALeNodeB is part of Radisys’ CellEngine™ product portfolio of market-leading LTE small cell and 3G/HSPA+ femtocell protocol software and applications. It is built on the foundation of market-leading Trillium® LTE small cell protocol software and applications with Radio Resource Management (RRM), Self-Organizing Networks (SON) and Operations, Administration and Management (OAM).
Radisys Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year Ending December 31, 2015
Feb 3 15
RadiSys Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $48,174,000 against $50,138,000 a year ago. Loss from operations was $4,304,000 against $13,947,000 a year ago. Loss before income tax expense was $3,943,000 against $13,290,000 a year ago. Net loss was $4,467,000 or $0.12 per basic and diluted share against $26,015,000 or $0.89 per basic and diluted share a year ago. Net cash provided by operating activities was $175,000 against net cash used in operating activities of $5,996,000 a year ago. Capital expenditures were $535,000 against $1,704,000 a year ago. Non-GAAP income from operations was $499,000 against non-GAAP loss from operations of $5,392,000 a year ago. Non-GAAP net income was $409,000 or $0.01 per diluted share against non-GAAP net loss of $6,011,000 or $0.21 per diluted share a year ago.
For the full year, the company reported revenues of $192,742,000 against $237,863,000 a year ago. Loss from operations was $25,300,000 against $34,766,000 a year ago. Loss before income tax expense was $25,089,000 against $34,449,000 a year ago. Net loss was $27,581,000 or $0.79 per basic and diluted share against $49,404,000 or $1.72 per basic and diluted share a year ago. Net cash used in operating activities was $6,797,000 against net cash provided by operating activities was $2,091,000 a year ago. Capital expenditures were $2,396,000 against $6,047,000 a year ago. Non-GAAP loss from operations was $3,712,000 against $7,998,000 a year ago. Non-GAAP net loss was $5,592,000 or $0.16 diluted per share against $9,978,000 or $0.35 per diluted share a year ago.
The company provided earnings guidance for the first quarter and full year ending December 31, 2015. First quarter, revenue is expected between $44 million and $50 million. Non-GAAP gross margin is expected between 31% and 33% of sales and non-GAAP R&D and SG&A expenses are expected to approximate $14.5 million. Non-GAAP earnings per share are expected to range from a loss of $0.04 to a profit of $0.06. GAAP net loss expected to be between $8.9 million to $4.2 million. Non-GAAP net loss expected to be $1.5 million to non-GAAP net income of $2.2 million. GAAP net loss per share is expected to be between $0.24 against $0.11. The company expects GAAP gross margin of 28.0%.
For the full year, the company expects GAAP net loss of $14.8 million, non-GAAP net income of $7.5 million, GAAP net loss per share of $0.40 and non-GAAP net income per share of $0.20. The company expects GAAP gross margin of 30.0% and non GAAP gross margin of 35.0%.