Interphase Corporation (NASDAQ:INPH) reported its fourth fiscal quarter
financial results on Thursday. The Company announced its fourth fiscal quarter
results, posting net income of $447,000, or 6 cents a share from a year ago
loss of $4.0 million, or 57 cents a share. During the quarter, Revenue soared
24% year over year and 22% quarter over quarter to $5.8 million, from a year ago
sales of $4.7 million and third quarter sales of $4.8 million. This increase in
revenue is the results of increase in broadband telecom revenues from $3.9
million in the fourth quarter of 2009 to $5 million in the latest quarter. The
enterprise revenues during the quarter increased 243% year over year to $552,000
from $161,000, while professional services revenues declined 70% year over year
to $124,000 from $410,000. The Company reported fourth-quarter gross margin of
55%, compared with 37% reported in the same quarter last year. The
year-over-year increase in gross margin was mainly due to a shift in product mix
toward higher margin products; increased utilization of the company's
manufacturing facility; and reduction in obsolete inventory charges. Shares of
the company spike up by 54 cents or 13.17% and closed at $4.64 following the
strong fourth fiscal quarter financial results on higher sales & gross margin.
Volume of 2.54 million shares has been traded compared to the daily average of
0.108 million shares. The stock touched the new annual high of $5.24, its annual
low being $1.17. The market capitalization of the stock stands at $31.68 million
with beta of 0.70. Interphase Corporation (Interphase) and subsidiaries delivers
embedded computing solutions for network connectivity, interworking, packet
processing, long term evolution (LTE) and wireless-integrated multiple access
(WiMAX) base station and security applications for the communications,
aerospace/defense and enterprise markets. Disclaimer: The assembled information
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