Wednesday, October 17, 2007

Zhone Posts Q3 Revenue of $41.6 million

Zhone Technologies reported Q3 revenue of $41.6 million compared with $44.1 million for the second quarter of 2007 and $43.1 million for the third quarter of 2006. Net loss (GAAP) was $1.5 million or $0.01 per share compared with a net loss of $4.6 million or $0.03 per share for the second quarter of 2007, and a net loss of $121.0 million or $0.81 per share for the third quarter of 2006.



"As expected, revenues declined due to the divestiture of one of our legacy product lines and the seasonally slow international market," said Mory Ejabat, chairman and chief executive officer of Zhone Technologies, Inc. "Despite this decline, we are encouraged by the long-term prospects of our business as evidenced by significant new customer wins and continued interest in our next generation technologies."http://www.zhone.com

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