Radisys Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, revenue was $55.39 million, compared to $44.78 million in the third quarter of 2015. Loss from operations was $2.083 million, compared to $2.016 million in the third quarter of 2015. Loss before income tax expense was $1.944 million, compared to $1.545 million in the third quarter of 2015. Net loss was $2.638 million or $0.07 per basic and diluted share, compared to $2.066 million or $0.06 per basic and diluted share in the third quarter of 2015. Net cash provided by operating activities was $2.017 million, compared to $0.488 million last year. Capital expenditures were $2.290 million, compared to $607 million last year. Non-GAAP income from operations was $2.745 million, compared to $2.525 million last year. Non-GAAP net income was $2.594 million or $0.07 per basic and diluted share, compared to $2.607 million or $0.07 per basic and diluted share last year.

For the nine months, revenue was $171.83 million, compared to $140.516 million last year. Loss from operations was $5.465 million, compared to $12.542 million last year. Loss before income tax expense was $4.394 million, compared to $11.833 million last year. Net loss was $6.194 million or $0.17 per basic and diluted share, compared to $13.238 million or $0.36 per basic and diluted share in the third quarter of 2015. Net cash provided by operating activities was $2.640 million, compared to $7.102 million last year. Capital expenditures were $3.420 million, compared to $1.653 million last year. Non-GAAP income from operations was $8.564 million, compared to $4.986 million last year. Non-GAAP net income was $8.096 million or $0.21 per basic and diluted share, compared to $4.920 million or $0.13 per basic and diluted share last year.

For the fourth quarter ending December 31, 2016, Revenue is expected between $40 million to $44 million. GAAP loss is expected to range from a loss of $0.10 to $0.06 per share. Non-GAAP earnings are expected to range from $0.02 to $0.06 per diluted share. GAAP net loss is expected to be $4.0 million to $2.5 million. Non-GAAP net income to be $0.8 million or $0.02 per diluted share to $2.5 million or $0.06 per diluted share.