This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TranSwitch Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript

TranSwitch Corporation (TXCC)

Q1 2012 Earnings Call

May 8, 2012 5:30 p.m. ET

Executives

M. Ali Khatibzadeh – President and Chief Executive Officer

Robert A. Bosi – Vice President and Chief Financial Officer

Analysts

Richard Shannon – Craig-Hallum

Kevin Cassidy - Stifel Nicolaus

Drew Burke - Gameplan Financial Advisors

Paul Berghaus - Cornerstone Asset Management

Presentation

Good day everyone and welcome to the TranSwitch first quarter 2012 earnings release conference. [Operator instructions.] At this time, for opening remarks and introductions, I will turn the call over to TranSwitch Chief Financial Officer Robert Bosi. Please go ahead Mr. Bosi.

Robert Bosi

Thank you and good afternoon. With me today is Dr. Ali Khatibzadeh, our president and CEO. This call will include forward-looking statements that involve risks and uncertainties that could cause TranSwitch's results to differ materially from management's current expectations. We encourage you to review our Safe Harbor statement contained in the earnings release published today, as well as TranSwitch's most recent SEC filings, for more complete descriptions.

With that said, I'll turn this over to Ali for his thoughts on the quarter, and I'll come back and discuss our financial results. Ali?

M. Ali Khatibzadeh

Thank you and good afternoon. It was quite a difficult revenue quarter. I do have a lot of good news to report today, but let’s start with the disappointing Q1 results.

Revenues for the quarter were just $3.7 million, a significant decrease both on a sequential and a year over year basis. Product revenues declined from $5 million in the fourth quarter to $3.2 million in Q1, as sales of legacy telecom infrastructure products continued to decline.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs