Alvarion Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported revenues were $41.2 million, a decrease of 12.3% from $47.0 million in the third quarter of 2011, and a decrease of 18.9% from $50.8 million in the fourth quarter of 2010. GAAP net loss was $12.2 million, or $0.20 per share compared to a net loss of $76.9 million, or $1.24 per share a year ago. Non-GAAP net loss was $2.4 million, or $0.04 per share, compared with non-GAAP net loss of $11.2 million, or $0.18 per share, in the fourth quarter of 2010. Cash used in operations was $5.8 million. Operating loss was $11,682,000 against $68,899,000 a year ago. Net loss before tax was $33,822,000 against $97,585,000 a year ago. For the year, the company reported sales were $190,037,000 against $205,815,000 a year ago. Operating loss was $32,807,000 against $90,486,000 a year ago. Net loss before tax was $33,822,000 against $97,585,000 a year ago. Net loss was $33,822,000 against $98,479,000 a year ago. Diluted net loss per share was $0.54 against $1.58 a year ago. The company provided earnings guidance for the first quarter of 2012. For the period, the company expects revenues will be in the range of $38 million to $43 million. Non-GAAP earnings per share are expected to range between a loss of $0.01 and a loss of $0.06. GAAP per share results are expected to range between a loss of $0.03 and $0.08, including charges of approximately $1.5 million related to the Wavion acquisition and stock-based compensation.