Concurrent Computer Corporation (CCUR)

Get CCUR Alerts
*Delayed - data as of May 1, 2015  -  Find a broker to begin trading CCUR now
Exchange: NASDAQ
Industry: Technology
Community Rating:
Symbol List Views
FlashQuotes InfoQuotes
Stock Details
Summary Quote Real-Time Quote After Hours Quote Pre-market Quote Historical Quote Option Chain
Basic Chart Interactive Chart
Company Headlines Press Releases Market Stream
Analyst Research Guru Analysis Stock Report Competitors Stock Consultant Stock Comparison
Call Transcripts Annual Report Income Statement Revenue/EPS SEC Filings Short Interest Dividend History
Ownership Summary Institutional Holdings Insiders
(SEC Form 4)
 Save Stocks

Concurrent Computer Corp. (CCUR)

F1Q10 Earnings Call

October 27, 2009; 10:00 am ET


Dan Mondor - President, Chief Executive Officer

Emory O. Berry - Chief Financial Officer

David King - Chief Marketing Officer

Kirk Somers - Executive Vice President


Todd Koffman - Raymond James

Justin Cable - Global Hunter

Ali Motamed - Boston Partners



Welcome to Concurrent Computer Corporation earnings conference call for the first quarter of fiscal year 2010. (Operator Instructions).

I would now like to introduce your host, Mr. Kirk Somers, Executive Vice President. Sir, you may begin.

Kirk Somers

Thank you operator and good morning, everyone. Welcome to Concurrent’s fiscal year 2010 first quarter earnings conference call for the period ended September 30th 2009. Joining me on today’s call are Dan Mondor, Concurrent’s President and Chief Executive Officer, David King our Chief Marketing and Strategy officer and Emory Berry, our Chief Financial Officer. Following our scripted comments we will be pleased to take your questions.

Before we begin, let me remind you that this presentation may include forward-looking statements such as believes, expects, estimates, anticipates, and other similar expressions. These statements are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Accordingly, the cautionary statements made in concurrence 10-K filed August 28, 2009 are incorporated herein by reference. The company’s actual results could differ materially from the forward-looking information in this presentation.

The content of this webcast contains time-sensitive information that is accurate only as of the date of this live broadcast, October 27, 2009. Any redistribution, retransmission or rebroadcast of this presentation in any form without the expressed written consent of Concurrent is prohibited. I caution you that any forward-looking statements made by the company are not guarantees of future performance and that a variety of factors could cause the company’s actual results and experience to differ materially from the anticipated or projected results which the company may discuss on this conference call.

You should all have a copy of the earnings release. If you have not received a copy, please call Sandra Dover at 678-258-4112 and she will be pleased to provide you with a copy. With that said, I’ll turn it over to Dan.

Dan Mondor

Thanks, Kirk. Good morning, everyone and thank you for joining us today. I’ll start with highlights of our financial results followed by an update on our business. David King, our Chief Marketing and Strategy Officer will provide an update on the market role of our Three-Screen strategy. Emory Berry, our Chief Financial Officer will provider an in depth discussion of our financial results and I will close with some additional comments.

In the first quarter, we reported revenue of approximately $12.8 million with gross margins of 60.7% and operating expenses of approximately $8.8 million, we reported an operating loss of approximately $1.1 million and a loss per share of $0.12. As discussed in our August earnings call we continued to experience reduced spending from our top two North American MSO customers. And as a result first quarter revenue was noticeably impacted. I want to reinforce comments we made on the last earnings call.

The revenue impact is due to delays in implementing new projects in combination with utilization of existing VOD capacity, not cancellation of orders or reduced market share.

In terms of outlook, we are reiterating our prior view that is, we expect an overall bottoming out in the first half of fiscal 2010. We are seeing signs of the business firming up in our second quarter. And we anticipate revenue in the second half to be better than the first half.

Now let me turn to a brief update on our business. Despite the impact on our VOD business, market data indicates year-over-year growth in consumer Video-on-Demand viewing is in the double digits. This gives further evidence that the VOD market has underlying strength. In addition, our current and perspective customers are confirming that we are well positioned to capitalize on the fundamental shifts occurring in the video market place with our Three- Screen strategy.

We announced the launch of our video to the PC solution in September, and we are working with several customers to implement trials. We continue to make progress in the evolution of our media data and advertising solutions business model to software as a service, which has been adopted by ZON TV Cabo in Portugal and one of the top five North American cable operators.

To add a bit more color to this comment, TV Cabo will deploy our media data management solutions and operational reporting services for monitoring video usage, census level, media data management and operational analytics, all of which are key components of our MDAS. As we evolve the business, we’ve also continued to introduce new products and services to meet our customer’s needs such as our Central Data Warehouse or CDW product.

I will make a few comments on two additional milestones. Firstly, we are seeing a very good opportunity for our Three-Screen video and MDAS solutions in the Asia Pacific region. In September, we announced the appointment of a new executive for the region sales marketing and business development.

I should also point out that we received two important new VOD orders from mainland China in the first quarter. Lastly, we announced the expansion of our presence in the Silicon Valley with the opening of a new office in San Jose which will serve as our West Coast development office.

Read the rest of this transcript for free on