ViXS Systems Inc. (TSX: VXS), a pioneer and leader in advanced media processing solutions, reported today its first quarter fiscal 2018 results for the period ending April 30, 2017.

Revenues for the first quarter of fiscal 2018 totaled $4.8 million, down from $7.7 million recognized in the fourth quarter of fiscal 2017. This sequential decrease was primarily due to XConnex sales that were roughly one half the level in the prior quarter given the sale of the XConnex (MoCA) product line during the first quarter along with expected lower seasonal sales of legacy products, partially offset by slightly higher sequential sales of XCode 5000 and 6000 products.

Source: ViXS reports first quarter fiscal 2018 results | Digital TV News