RiT Technologies Ltd. reported unaudited earnings results for the first quarter ended March 31, 2012. The company revenues for the period totaled $1.4 million, compared with $3.2 million for the first quarter of 2011. Net loss for the quarter was $2.8 million or $0.54 per share on a basic and diluted basis compared with $1.0 million or $0.24 per share on a basic and diluted basis for the first quarter of 2011. Operating loss was $2.769 million compared to the $0.974 million for the same quarter year ago. The company has appointed a new CFO, Mr. Eli Gendler and a new VP Sales, Mr. Hadar Tal, thereby completing the configuration of its new management team. Mr. Gendler, a CPA, comes to RiT with over a decade of experience in global high tech companies, including serving as CFO of Vocaltec and Cimatron. Prior to joining RiT, Mr. Tal served in a variety of sales management positions for WebTView, Surf Communications Solutions, Marvell Semiconductors, Alcatel-Lucent Technologies and AVAYA.