Conferencing Featured Article

October 25, 2010

Avistar 3Q Revenue of $2.2 Million, Net Loss of $1.5 Million

By David Sims

TMCnet Contributing Editor

Avistar Communications Corporation, a vendor of visual communications solutions,announced its financial results for the third quarter (3Q), ending Sept. 30.

Total revenue for the third quarter of 2010 was $2.2 million, as compared to $1.4 million for the quarter ended Sept. 30, 2009, reflecting what company officials said is “a significant increase in product revenue.” Operating expense was $3.5 million for the third quarter of 2010, as compared to $3.2 million for the quarter ended September 30, 2009.

In a press release, Bob Kirk, CEO of Avistar (News - Alert), said in the past several years, Avistar “has come full circle from its earliest days. We now offer the industry's first and only all-software desktop video experience and accompanying videoconferencing infrastructure. Additionally, our work with the industry's most prominent OEM companies in both the UC and the VDI spaces, allows us to enrich the video experience of their products, while expanding our business reach."

The increase in operating expense was due to additional investments in engineering to develop new products in the Unified Communications (News - Alert) and Virtual Desktop Infrastructure markets, company officials say, adding that the increases were “offset by a decrease in severance-related general and administrative expenses.”

Net loss in the third quarter of 2010 was $1.5 million, or $0.04 per basic and diluted share, as compared to a net loss of $1.9 million, or $0.05 per share, in the third quarter of 2009. Cash and cash equivalents balance as of Sept. 30 was $354,000.

Earlier this month, TMC’s (News - Alert) Shamila Janakiraman reported that Avistar delivered HD videoconferencing on low cost thin terminals within VDI environments.

According to company sources the Avistar C3 (News - Alert) Integrator is designed to deliver a business-class and standards-based desktop videoconferencing experience. It’s capable of supporting the Logitech HD Webcam B990 device which allows for H.264 encoding on board the webcam itself.

David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Jaclyn Allard

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