Cistera Networks Delivers Strong Income in 3Q
February 16 2012 - 11:29AM
Marketwired
Cistera Networks® (PINKSHEETS: CNWT), a leading provider of
enterprise application platforms and engines for unified
communications, announces reported results for the three months
ended December 31st, 2011 (all figures in U.S. dollars and U.S.
GAAP except EBITDA).
Net income for the quarter was $0.14 million, or $0.01 per
share. Earnings before Interest, Depreciation and Amortization, and
Taxes (EBITDA) were positive $0.21 million or 47% of revenue.
Revenue for the third quarter of fiscal 2012 was $0.451 million,
down from $0.74 million from the same quarter of last year. Net
operating income for three months ending December 31 2011 was $0.19
million. Nine month to December 31, 2011 net income is $0.41
million.
"The company continues to make solid profits through cost
control. As a result, the company continues to dramatically improve
the balance sheet and will continue to do so," says Cistera CEO
Greg Royal. "We have strong gross margins and strong operating
margins. We expect that once the slowdown has ended in the USA, we
will be able to return to growing the top line."
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
http://www.cistera.com
Media and Investor Contact: Cistera Networks Inc Mark
Gundy 415.332.7200 http://www.cistera.com
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