Dialogic Inc. Reports Second Quarter 2012 Financial Results

Dialogic Inc. (NASDAQ: DLGC), a leading provider of products and technologies that enable operators to provide – and subscribers to enjoy - an enhanced mobile experience, today announced second quarter financial results for the period ending June 30, 2012.

On a GAAP basis, Dialogic achieved the following financial results for the second quarter of 2012 as compared to the second quarter of 2011 and the first quarter of 2012.

• Total revenue for the second quarter of 2012 was $38.6 million, compared to $55.8 million in the second quarter of 2011 and $41.1 million in the first quarter of 2012.
• Gross margin for the second quarter of 2012 was 45.9%, compared to 58.6% in the second quarter of 2011 and 60.5% in the first quarter of 2012.
• Operating expense for the second quarter of 2012 was $35.5 million, compared to $38.2 million in the second quarter of 2011 and $32.1 million in the first quarter of 2012.
• Net loss for the second quarter of 2012 was ($18.0) million, or ($0.57) per share, compared to ($11.3) million, or ($0.36) per share, in the second quarter of 2011 and ($14.8) million, or ($0.47) per share, in the first quarter of 2012.

As reflected below in the Reconciliation of Condensed Consolidated Statements of Operations to Adjusted EBITDA Results, on a non-GAAP basis, Dialogic achieved the following financial results for the second quarter of 2012, as compared to the second quarter of 2011 and to the first quarter of 2012.

• Total revenue for the second quarter of 2012 was $39.3 million, compared to $58.7 million in the second quarter of 2011 and $41.6 million in the first quarter of 2012.
• Gross margin for the second quarter of 2012 was 65.1%, compared to 62.2% in the second quarter of 2011 and 64.9% in the first quarter of 2012.
• Operating expense for the second quarter of 2012 was $27.5 million, compared to $33.4 million in the second quarter of 2011 and $29.5 million in the first quarter of 2012.
• Adjusted EBITDA for the second quarter of 2012 was ($2.0) million, compared to $3.1 million in the second quarter of 2011 and ($2.5) million in the first quarter of 2012.

“This quarter’s slowdown in global telecom spending has created a challenging revenue environment that directly impacted topline performance. In the face of these headwinds, we continue to take proactive steps to ensure the long-term success of our Next-Gen portfolio including Bandwidth Optimization Mobile Backhaul for 2G/3G and LTE networks, Core Switching, Session Border Controllers, Mobile Video and our PowerMedia Media Server software,” said Kevin Cook, newly appointed President and Chief Executive Officer.

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