Sunday, July 30, 2006

Ikanos Posts Q2 Revenue of $41.2 million, up 15% Sequentially

Ikanos Communications reported Q2 net revenues of $41.2 million, a sequential increase of 15% from the $35.8 million reported for the first quarter of 2006 and an increase of 115% from the $19.2 million reported for the second quarter of 2005. GAAP net loss for the second quarter of 2006 was $2.2 million, or $0.08 per diluted share, on 27.1 million weighted average shares. This compares with a net loss of $1.4 million, or $0.06 per diluted share, on 24.5 million weighted average shares in the first quarter of fiscal 2006 and with a net loss of $0.4 million, or a loss of $0.24 per diluted share, on 1.8 million weighted average shares in the second quarter of 2005.



"Ikanos' record second quarter revenue reflects our continuing leadership in delivering the technology that carriers need to offer IPTV and interactive broadband services," said Rajesh Vashist, chairman and CEO of Ikanos Communications.

http://www.ikanos.com

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