Cistera Networks Delivers First Quarter Operating Profit, Revenues Up 40%
August 13 2010 - 5:58PM
Marketwired
Cistera Networks® (OTCBB: CNWT) a leading provider of enterprise
application platforms and engines for unified communications today
reported results for the three months ended June 30th, 2010 (all
figures in U.S. dollars and U.S. GAAP except EBITDA).
Revenue for the first quarter of fiscal 2011 was $0.644 million,
up 21% from $0.51 million in the previous quarter and up 40% from
$0.457 million in the same quarter of last year.
Net operating income for the quarter was $0.016 million, or
$0.00 per share, compared with net loss of $0.11 million or $0.00
per share, in the same quarter last year. Earnings before Interest,
Depreciation and Amortization, and Taxes (EBITDA) were positive
$90,736 or 14% of revenue.
"The slowdown continues to affect our markets, particularly
those of us that offer a premium Unified Communications solution,"
says Cistera CEO Greg Royal. "However we are seeing good progress
in our pipeline and order book and have kept costs under control,"
he added.
About Cistera Networks, Inc.
Cistera Networks is a leading provider of enterprise application
communications platforms and services. The company blends powerful
application infrastructure with industry-specific business
processes, to deliver the benefits of voice, video and data
convergence to the user. Cistera's industry-leading platform
delivers the most reliable, scalable and secure application
services for IP-based network environments. Its broad portfolio of
application services enables users to improve customer service and
satisfaction, increase productivity and collaboration, improve
responsiveness to critical incidents and to provide a safer
environment. For more information, please see www.cistera.com
This release may be deemed to contain forward-looking statements
that are subject to the safe harbor provisions of the Private
Litigation Reform Act of 1995. These forward-looking statements
include, among other things, statements regarding future events and
the future financial performance of Cistera Networks that involve
risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results. Readers are
referred to the documents filed by Cistera Networks with the SEC,
specifically the most recent reports on Form 10-K and 10-Q, each as
it may be amended from time to time, which identify important risk
factors that could cause actual results to differ from those
contained in the forward-looking statements.
Media and Investor Contact: Cistera Networks,
Inc. 972-381-4699 x75003 Email Contact
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