INVISIO Communications AB reported consolidated and parent earnings results for the first quarter ended March 2012. On consolidated basis, The company reported total income during the first quarter decreased with 34.8% SEK 6.3 million compared to SEK 9.6 million in the corresponding period 2011. Operating loss for the first quarter of 2012 was SEK 7.8 million compared to SEK 6.0 million a year ago. Loss before tax and loss was SEK 8.5 million compared to SEK 6.7 million a year ago. Loss per share before and after dilution was SEK 0.25 compared to SEK 0.26 a year ago. Cash used in operating activities during the first quarter of 2012 was SEK 3.7 million compared to SEK 6.8 million a year ago. Acquisition of property, plant and equipment was SEK 0.046 million compared to SEK 0.20 million a year ago. Net capital expenditures amounted to SEK 1.4 million compared to SEK 1.5 million of which SEK 1.3 million was activated development costs. These consisted primarily of costs attributable to the development of future professional products. For the first quarter, the parent company reported operating loss amounted to SEK 1.4 million compared to SEK 1.7 million a year ago. Operating income was SEK 0.015 million compared to SEK 0.015 million a year ago. Loss before tax and loss was SEK 1.8 million compared to SEK 12.2 million a year ago. The Company assess to able to turn to profit and reach a positive cash-flow from the operations before year-end 2012. Thomas Larsson is appointed new Chief Financial Officer for the company. Larsson starts his employment during April and will enter his position during the summer when the current CFO Bengt Nilsson is leaving the company due to retirement.