Concurrent Computer Corp. reported revenue and earnings in its third quarter
in line with lower forecasts it issued to Wall Street one month ago.
Quarterly revenue reached $17.6 million compared with $25 million in the
year-earlier period. The company posted a net loss of $4.3 million compared with
net income of $2.3 million last year.
The vendor reported a $10.5 million noncash impairment charge related to its
investment in Thirdspace Living Ltd., an Internet-protocol video-on-demand
Cutbacks in MSO capital expenditures, including slower-than-expected VOD
rollouts, hurt the company, Concurrent said.
Xstreme division president Steve Necessary said it's "clearly a mixed
deployment environment. Many operators remain cautious and deliberate as they
manage their capital spending."
Concurrent said it expects revenue of between
$16 million and $18.5 million in the current quarter, with similar VOD revenue
in the current quarter ($7 million to $9 million) as the first quarter ($8.5
In fact, VOD is becoming a bigger wild card for Concurrent than its Real Time
Quarterly VOD revenue fell from $14.6 million to $8.5 million year over year.
Real Time revenue, on the other hand, only dropped from $10.5 million to $9.2
million quarter over quarter.