Avistar Communications Impresses With Earnings
Avistar, (AVSR) advanced 49% after announcing much better than expected earnings. The company is based out of Redwood Shores, Ca and creates software that enables business’s to create and share video. The past four quarters for this company were unprofitable. The previous quarter Avistar reported a loss of over $3.7 million on revenues of just $1.75 million. In contrast, the newly announced third quarter results showed the company with a profit of $1.82 million from revenues of $7.28 million.