Tejas Networks Announces Consolidated Financial Results for Q1-FY22
Tejas Networks Inc. (NASDAQ: TNS-A) reported its first quarter results today, with revenue and earnings per share (EPS) posting a 0. 02 increase per share respectively for the period.
Net revenue for the quarter ended December 31, 2018 was $15. 4 million, an increase of $0. 2 million or 5% from $14. 9 million for the same period last year. Net revenue for the quarter ended December 31, 2017 was $12. 7 million, an increase of $0. 2 million or 3% from $12. 6 million for the same quarter last year. The company’s total revenue for the period was $47.
Net revenue for the first quarter of 2019 was $20. 0 million, an increase of $0. 5 million or 9% from $18. 1 million for the first quarter of 2018 and a decrease of $0. 4 million from the first quarter of 2017. Net revenue for the first quarter of 2019 was $30. 7 million, up $0. 8 million or 12% from $28. 8 million for the first quarter of 2018 and a decrease of $0. 6 million from the first quarter of 2017. The Company’s total revenue for the first quarter of 2019 was $47. 8 million, up $0. 1 million or 4% from $47. 2 million for the first quarter of 2018 and up $0. 2 million from the first quarter of 2017. The EBITDA margin, excluding one-time items, was 0. 1% for the quarter and increased from 0. 05% for the first quarter of 2018.
EPS for the period was $0. 038 positive increase or $0. 02 per diluted share. Earnings per share for the period were $0. 02, up from $0. 02 for the same period last year.
Net revenue in the first quarter of 2018 was $15. 4 million, a non-cash tax benefit of $0. Net revenues for the first quarter of 2017 were $12. 7 million, a non-cash tax benefit of $0.
Tejas Networks announces consolidated financial results for Q1-FY22.
Tejas Networks announces consolidated financial results for Q1-FY22. | Company Summary: Tejas Networks announces consolidated financial results for Q1-FY22, including a consolidated net loss of $6. 5 million and a net loss of almost $3. 5 million from discontinued operations related to a discontinued acquisition. The company has approximately $40 million cash on hand and over $100 million in short-term debt. | Tejas Networks was founded in 2012 as a venture capital firm focused on the acquisition and monetization of network-protected, cloud-based security solutions. In February 2013, Tejas Networks was acquired by a subsidiary of NetApp, a leading provider of storage solutions for enterprises. | Current Revenue: $15. 9 million, Including a recurring revenue of $7. 1 million that was received from a subscription to the Microsoft 365 Business Suite. Current Average Sales Per Share of 8. | Net Loss: $6. 5 million, Including a discontinued loss of approximately $2. 1 million from discontinued operations related to discontinued acquisition. | Current Revenue: $13. 5 million, Including a recurring revenue of $10. 2 million that was received from a subscription to the Microsoft 365 Business Suite. Current Average Sales Per Share of 8. | Net Loss: $3. 5 million, Including a discontinued loss of approximately $1. 6 million from discontinued operations related to discontinued acquisition. | Current Revenue: $0. 3 million, Including a recurring revenue of $0. 2 million that was received from a subscription to the Microsoft 365 Business Suite. Current Average Sales Per Share of 8. | Net Loss: $1. 2 million, Including a discontinued loss of $0. 3 million from discontinued operations related to discontinued acquisition. | Current Revenue: $0. 2 million, Including a recurring revenue of $0. 4 million that was received from a subscription to the Microsoft 365 Business Suite. Current Average Sales Per Share of 8. | Net Loss: $0. 7 million, Including a discontinued loss of $0. 1 million from discontinued operations related to discontinued acquisition. | Current Revenue: $15. 7 million, Including a recurring revenue of $9. 3 million that was received from a subscription to the Microsoft 365 Business Suite. Current Average Sales Per Share of 8.
Tejas Networks Limited.
Tejas Networks Limited.
The most secure way to keep your network safe and secure is to use the most secure technology that is available.
Tejas Networks Ltd. is a global leader in cloud native networking technology. With a strong focus on data center virtualization, Tejas Networks is helping companies and enterprises create a better network that works for them. The company’s secure network infrastructure also allows them to deliver network applications on the cloud, making them the secure, virtualized, and highly resilient network in the cloud. Find out more about our services and how we can help you improve your data center infrastructure.
Tejas Networks is the first company to make a technology that combines secure, high performance, high availability, and high performance monitoring and management of virtualized workloads. We will show how the Tejas Network Platform combines best-in-class network security solutions with a hybrid networking paradigm, enabling enterprises to manage their virtualized workloads and the virtual networks that support them.
TJNS’s core technology, Tejas Network Platform, provides all the components for the most secure, high performance, high availability, highly secure network in the cloud—and the virtualized infrastructure supporting those capabilities. Tejas Network Platform delivers enterprise-class high-availability, high performance, highly secure enterprise virtualized networking solutions on the cloud, the enterprise virtual network, and the hypervisor on top of a virtual platform. Tejas Network Platform supports both private and public clouds. It also provides the virtual network and platform for organizations that want to create a highly secure, virtualized, highly resilient network on the cloud.
TJNS uses highly reliable network management technology to provide all the components for a highly secure, highly available cloud native network. It also combines high availability with high performance with high scale and a virtualized infrastructure. We will show how it works with the best-in-class network security solutions and best-in-class technology.
A network security team is usually responsible for network security, providing IT with the tools and processes it needs to protect the network from threats. Network engineers and security officers ensure that the network is secure by monitoring and securing systems, applying best-in-class network security solutions, and creating secure virtual networks by making network management the responsibility of all.
Forward-looking statements relating to the Company’s future growth prospects
Background & Overview: As we grow and develop, we have to constantly monitor and evaluate our systems. In particular, we are seeking a way to increase our security posture by adding new layers and capabilities along with continued emphasis on best practices and our commitment to best-in-class practices. As such, we are actively pursuing to introduce additional cyber security systems, such as, Intrusion Detection System (IDS) and Network Security Appliance (NSA) into our network. These new systems will be utilized to detect and prevent various types of cyber-attacks such as, phishing and malware attacks, as well as the execution of software infections. As such, these systems should facilitate detection, identification and intrusion prevention as well as provide mitigation in the event of attacks. As such, we believe that the introduction of these additional layers and capabilities along with the continued emphasis on best practices and our pledge to best-in-class practices in our security posture will be of great benefit in that they will help to further provide us with the ability to respond to attacks and protect our networks. As such, we have been focused in increasing and automating our security operations as part of our ongoing and planned product and service releases. To this end, we are creating a new internal security operation plan for this new year. Description of the Current State Of The Company: The Company has been focused in increasing and automating our security operations as part of our ongoing and planned product and service releases. We believe that the introduction of these additional layers and capabilities along with the continued emphasis on best-in-class practices will be of great benefit in that they will help to further provide us with the ability to respond to attacks and protect our networks. In particular, we are creating a new internal security operation plan for a new year which will be released in the next quarter. This new security operation plan will be used to identify and respond to security incidents and provide our systems with the means to protect our network and systems from threats. We are also creating a new internal risk assessment process which will be used to assess our incident response and risk management capabilities in conjunction with the new new year security operation plan to ensure that we are effectively identifying and responding to security threats. Our new security operation plan will also provide a strategic framework for the development of information security initiatives.
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Matthew Staver, author of the book Network Security: Practical Guide, provides insight into some practical and useful tools and tips that can help you with your security efforts.
Network Security is a practical guide on how to take a network security project from inspiration phase through to real practice. Matthew Staver is a graduate from Princeton University, has been in the IT industry for over 16 years, and currently works as a security consultant providing software and hardware security solutions to businesses.
Network Security is a practical guide on how to take a network security project from inspiration phase through to real practice. Matthew Staver is a graduate from Princeton University, has been in the IT industry for over 16 years, and currently works as a security consultant providing software and hardware security solutions to businesses.
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Spread the loveTejas Networks Inc. (NASDAQ: TNS-A) reported its first quarter results today, with revenue and earnings per share (EPS) posting a 0. 02 increase per share respectively for the period. Net revenue for the quarter ended December 31, 2018 was $15. 4 million, an increase of $0. 2 million or 5% from $14. 9…