Ulticom, Inc. (the “Company”) (NASDAQ: ULCM News) announced its financial results for its second quarter of fiscal 2010 (three months ended July 31, 2010).

Revenues for the second quarter of fiscal 2010 were $8.9 million, down $0.7 million from the previously announced preliminary revenues of $9.6 million, due to the treatment of revenues from maintenance services previously provided that have been deferred due to a possible contract amendment referring to such services. This revenue is now expected to be recognized during the second half of fiscal year 2010. The Company continues to expect fiscal year 2010 revenues to be approximately $36.5 to $39.0 million.

Revenues for the second quarter of fiscal 2010 were down 25% as compared to $11.9 million for the second quarter of fiscal 2009, but were up 6% as compared to $8.4 million for the first quarter of fiscal 2010. The Company reported a net loss of $1.2 million, or ($0.11) per diluted share, for the second quarter of fiscal 2010, as compared to a net loss of $0.5 million, or ($0.05) per diluted share, for the second quarter of fiscal 2009 and compared to a net loss of $1.2 million, or ($0.11) per diluted share, for the first quarter of fiscal 2010. Results for the second quarter of fiscal 2010 included $0.3 million of pre-tax costs associated with restatement-related matters, corporate development initiatives, workforce reductions, employee retention and non-cash share-based payment expense compared with $2.1 million for the second quarter of fiscal 2009 and $1.2 million for the first quarter of fiscal 2010. Results for the second quarter of fiscal 2010 were also adversely impacted by the Company’s revision of its projected effective tax rate for fiscal year 2010, resulting in the recognition of income tax expense of approximately $1.1 million.

At July 31, 2010, the Company had $76.8 million in cash, cash equivalents and short-term investments, $84.9 million of working capital, and $89.5 million of shareholders’ equity.