Concurrent Reports Fiscal 2011 First Quarter Results: Loss of $0.14 Per Share

Concurrent CCUR, a worldwide leader in video and media data and advertising solutions, today announced financial results for its fiscal first quarter ended September 30, 2010. Company-wide revenue for the 2011 fiscal first quarter rose to $15.5 million from $12.8 million last year. Gross margins for the first quarter of fiscal year 2011 were 54.7%, compared with 60.7% a year ago. Operating expenses were $9.5 million in the first quarter of fiscal year 2011, compared with $8.8 million in the prior year's first quarter. The company sustained a net loss of $1.2 million, or $0.14 per share, in the first quarter of fiscal year 2011, compared with a net loss of $1.0 million, or $0.12 per share, in the same quarter of the prior fiscal year. The company's cash balance as of September 30, 2010 was $29.6 million, versus $31.4 million at the end of the prior fiscal year and $27.2 million at the end of the first quarter of last fiscal year. Concurrent had no long-term debt as of September 30, 2010.