ViewCast Corp. (VCST) Posts Q1 Results Impacted by Deeper Seasonal Pullback
ViewCast Corp., a developer of industry-leading solutions for the transformation, management and delivery of digital media over enterprise, broadband and mobile networks, today reported its first-quarter results for the quarter ended March 31, 2011. First-quarter revenues increased 1 percent to $3.71 million compared to $3.68 million in the prior year period. Net loss for the first quarter 2011 was $791,000, or $(0.03) per fully diluted share, compared to a loss of $311,000, or $(0.01) per fully diluted share in the first quarter 2010. EBITDA for the 2011 first quarter was $(578,000), compared to $(54,000) in the 2010 first quarter. ViewCast…