Concurrent Computer Corporation Announces Second Quarter Fiscal Year 2007 Financial Results.Strong VOD See video-on-demand. VoD - video on demand Growth ATLANTA -- Concurrent (Nasdaq: CCUR CCUR Center for Crops Utilization Research ), a worldwide leader of on-demand technology and real-time computing “Realtime” redirects here. For other uses, see Realtime (disambiguation). In computer science, real-time computing (RToC) is the study of hardware and software systems which are subject to a "real-time constraint"—i.e. technology, today announced its results for the second quarter of its fiscal year ended June 30, 2007. Company-wide revenue aggregated $17.1 million compared to $14.8 million in the first quarter of fiscal 2007, an increase of 15.9%. Revenue from Concurrent's on-demand product line totaled $10.9 million for the second quarter of fiscal 2007 compared to $8.0 million in the first quarter of fiscal 2007, an increase of 36.6%. Revenue from the company's real-time product line totaled $6.2 million for the second quarter of fiscal 2007 compared to $6.8 million in the first quarter of fiscal 2007, a decrease of 8.6%. The net loss for the second quarter of fiscal 2007 was $3.5 million, or a loss of $0.05 per fully diluted share, compared to a net loss of $4.9 million, or a loss of $0.07 per fully diluted share, in the first quarter of fiscal 2007. Consolidated gross margins for the second quarter of fiscal 2007 were 43% compared to 47% in the first quarter of fiscal 2007. The reduced gross margins were the result of multiple factors including lower sales of high margin items by the real-time business and pricing pressure on the MediaHawk 4000 products in anticipation of wide release of the new MediaHawk 4500. The Company used $2.0 million during the quarter, ending the quarter with a cash balance of $8.3 million. "Given the fact that we are at the beginning of two new product cycles, I am pleased with these results and progress on our plan for the year," stated Gary Trimm, Concurrent president and chief executive officer. "We have continued to drive down operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. which were $10.7 million in the quarter, a decrease of a million dollars from the first quarter, while delivering what I believe to be the best, most robust and fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. video server available in the market. Additionally, although the top-line does not reflect any Novell sales of SUSE Linux A Linux distribution from the SuSE Linux division of Novell. Both consumer and enterprise versions are available, and the distribution includes several user interfaces. SuSE Linux comes with the Yet Another Setup Tool (YaST), which is used to install, configure and maintain the OS, as Enterprise Real Time, we continue to make progress with trial deployments while enhancing the product with new features needed by our enterprise and financial customers. In addition, we believe our Everstream products have captured a substantial majority share of the data analytics space for VOD with great possibilities for growth, as broadband providers seek to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the potential for targeted advertisement and audience measurement. We have continued our evolution to a software company providing best of breed products while effectively managing costs and redistributing assets to meet customer demands. We believe we are on-track with our products and our internal structure and continue to believe we are executing on our business plan to achieve profitability." Concurrent Computer Corporation Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . will hold a conference call to discuss these results on Friday, January 26, 2007 at 10:00 a.m. E.T., which will be broadcast live over the Internet on the company's web page at www.ccur.com, Investor Relations Investor relations The process by which the corporation communicates with its investors. page. About Concurrent Concurrent (NASDAQ: CCUR) is a leading provider of high-performance, real-time Linux software and solutions for commercial and government markets. For 40 years Concurrent's best-of-breed products have enabled a range of time-critical solutions including: modeling and simulation, high speed data acquisition, visual imaging, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and on-demand television. Concurrent's on-demand television applications are utilized by major service providers in the cable and IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. industries to deliver video-on-demand (VOD) and, through subsidiary company Everstream, provide performance measurement systems for interactive media. Concurrent is a global company with regional offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Australia, and has products actively deployed in more than 24 countries. Concurrent's products and services are recognized for being uniquely flexible, comprehensive, robust and reliable. For more information, please visit www.ccur.com. Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future, are forward-looking statements within the meaning of these laws. Examples of forward looking statements in this press release include, without limitation, our expectation with regard to our software only sales of our real-time operating system (operating system) Real-Time Operating System - (RTOS) Any operating system where interrupts are guaranteed to be handled within a certain specified maximum time, thereby making it suitable for control of hardware in embedded systems and other time-critical applications. products, our partnership with Novell, the potential for Everstream products and our outlook for the release of our Media Hawk 4500 software platform. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: our ability to keep our customers satisfied; delays or cancellations of customer orders; changes in product demand; economic conditions; our ability to satisfy the financial covenants in the credit agreement; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the concentration of our customers; failure to effectively manage change; delays in testing and introductions of new products; rapid technology changes; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the impact of competition on the pricing of VOD products; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; the success of new on-demand and real-time products; the availability of Linux software in light of issues raised by SCO Group; capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. patterns by a limited customer base; privacy issues regarding data collection; the success of our relationship with Alcatel and Novell; and the availability of debt or equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to support our liquidity needs if cash flow does not improve. Other important risk factors are discussed in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on Sept. 1, 2006 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation, its logo and Everstream and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners. Linux[R] is used pursuant to a sublicense from the Linux Mark Institute The Linux Mark Institute (LMI) is an organization which administers the "Linux" trademark on behalf of Linus Torvalds for computer software which includes the Linux kernel, computer hardware utilizing Linux-based software, and for services associated with the . Note to Editors: For additional company or product information from Concurrent, please contact Concurrent, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at www.ccur.com. [TABLE OMITTED] [TABLE OMITTED] |
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