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Cistera Networks Delivers Strong Income in 3Q(February 16, 2012)
PLANO, TX -- (Marketwire) -- 02/16/12 -- 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
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