RRsat ups revenues
November 15, 2011
By Chris Forrester
Despite increased revenues (up 16.1 per cent to $28.6 million) Israel-based satcoms specialists RRsat saw its overall Q3 position move to losses of $200,000 (last year, same Q3 period, net income of $600,000).
RRsat says its expects Q4 revenues to be in the range of $27 million-$29 million, which will take its full year revenues to about $111 million-$113 million, and giving it an operating margin for Q4 of 22-24 per cent.
The company’s backlog (signed contracts for current and future business) fell back slightly from $204 million to $195 million.