Alvarion Ltd. announced consolidated financial results for the first quarter ended March 31, 2013. In the first quarter of 2013, revenues were $8.5 million, an increase of 4.5% from $8.2 million in the fourth quarter of 2012, and a decrease of 45.4% from $15.6 million in the first quarter of 2012. GAAP net loss from continuing operations in the first quarter of 2013 was $3.9 million, or $0.62 per share.

This compares to GAAP net loss from continuing operations of $5.2 million, or $0.82 per share, in the fourth quarter of 2012. GAAP results in the first quarter of 2013 include amortization of intangible assets, stock-based compensation and acquisition related expenses. GAAP net loss from continuing operations in the first quarter of 2012 was $3.9 million, or $0.62 per share, and included amortization of intangible assets, stock-based compensation and acquisition related expenses.

On a non-GAAP basis, excluding loss from discontinued operations, amortization of intangible assets, stock-based compensation and acquisition related expenses, the company reported a net loss of $3.2 million, or $0.51 per share, compared with a non-GAAP net loss of $4.3 million, or $0.69 per share, in the fourth quarter of 2012, and non-GAAP net loss of $2.7 million, or $0.43 per share, in the first quarter of 2012. Cash used in continuing operations in the first quarter of 2013 was $3.2 million. Operating loss was $4.107 million, compared to $3.255 million for the last year.

Net loss was $7.014 million, compared to $6.866 million for the last year. Diluted net loss per share, continuing operations was $0.62, compared to $0.62 for the last year. Non-GAAP operating loss was $3.355 million.

Net loss from continuing operations was $3.196 million. Net cash used in operating activities was $4.184 million. Purchase of fixed assets was $57,000.