ATLANTA, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Concurrent (NASDAQ:CCUR), a global provider of high-performance Linux ® and storage solutions, today announced financial results for the first quarter ended September 30, 2016. "In the first quarter, Concurrent reported revenue of $13.1 million. The results were impacted by the timing of a large order from a Content Delivery customer, which we received shortly after the close of the quarter," said Derek Elder, President and CEO of Concurrent. "While we had higher expectations in the quarter for our Content Delivery business, we had another strong quarter with our Real-Time customers and made good progress on the development of our Aquari scale-out storage product." First Quarter Financial Highlights Revenue for the first quarter of fiscal 2017 was $13.1 million, compared with $17.4 million in the fourth quarter of fiscal 2016 and $13.4 million for the first quarter of fiscal 2016. The first quarter 2016 comparable included $0.5 million from the multi-screen video analytics product line that was sold in September 2015. Gross margin for the first quarter of fiscal 2017 was 54.8%, compared with 63.4% in the fourth quarter of fiscal 2016 and 58.8% for the same period in fiscal 2016. The company reported a net loss of $(2.9) million, or $(0.32) loss per diluted share, in the first quarter of fiscal 2017, compared with a net loss of $(12.9) million, or $(1.40) loss per diluted share, in the fourth quarter of fiscal 2016 and net income of $3.2 million, or $0.35 income per diluted share, in the first quarter of fiscal 2016. The net loss in the fourth quarter of fiscal 2016 was due to the company's income tax provision, which was comprised almost entirely of non-cash income tax expense due to the reestablishment of a full valuation allowance on our U.S. net operating losses. Net income during the first quarter of fiscal 2016 included a gain of $4.1 million related to the sale of the company's multi-screen video analytics product line.