MRV Communications Inc. (MRVC); A Single Source Provider of ...

MRV Communications Inc. (PINK: MRVC) is a Chatsworth, California-based provider of optical communications network infrastructure equipment and services to a variety of telecom concerns.?Company Overview?MRV Communications is a worldwide supplier of communications equipment and services. MRVC?s customers include carriers, governments and enterprises.?MRVC has divided its business along two principal segments; Network Equipment Group and Network Integration Group.?Network Equipment GroupThe Network Equipment Group at MRV Communications offers communications equipment that enable access, transport, aggregation and management of voice, data and video traffic in networks, data centers and laboratories used by telecom service providers, cable operators, enterprise customers and governments globally.?Network Integration GroupThe Network Integration Group at MRV Communications offers network system design, integration and distribution services that include products manufacturing by third party ventures and MRVC?s Network Equipment Group.?MRVC markets and sells its products globally through a variety of channels, including direct sales force, manufacturers? representatives, value-added resellers, distributors and systems integrators.?MRV Communications relies heavily on its foreign-based offices for business. Foreign revenue accounted for 71% of the MRVC?s total revenue for the June quarter. Majority of the company?s foreign sales are generated from customers located in Europe, with the rest coming mainly from customers in Asia Pacific region.?Strong Top-Line Growth?According to a SEC filing made by MRV Communications, the company had revenue of $68.19 million for the three-month period ended June 30, 2011, a significant increase of $57.20 million reported for the three-month period ended June 30, 2010.?Product revenue totaled $53.22 million for the three-month period ended June 30, 2011, while Service Revenue totaled $14.97 million for the three-month period ended June 30, 2011.?MRVC?s gross profit for the three-month period was $29.40 million, compared with $26.04 million reported for the same period in the previous year.?Financial Position?MRV Communications? cash position was strong at the end of the June quarter. At the end of June 30, 2011, MRVC had cash and cash equivalents of $152.3 million.?Uncertainty in Europe a WorryMRV Communications derives a major portion of its revenue from Europe. The uncertain economic environment in Europe due to the debt crisis is major worry for MRVC. In the SEC filing, MRVC particularly noted that the weakness in Italian market affected its Italian market.?

The ongoing economic uncertainty in Europe could have a significant impact on MRVC?s operating results going forward.?

Source: http://www.smallcapnetwork.com/MRV-Communications-Inc-MRVC-A-Single-Source-Provider-of-Optical-Communication-Network-Infrastructure-Equipment-and-Services/s/via/7473/article/view/p/mid/1/id/5/

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