Monday, January 28, 2008

Ikanos Reports Q4 Revenue of $29.9 Million

Ikanos Communications reported Q4 revenue of $29.9 million compared with revenue of $27.3 million for the third quarter of 2007 and revenue of $21.0 million for the fourth quarter of 2006. GAAP net loss for the fourth quarter of 2007 was $4.1 million, or $0.14 per share, on 29.3 million weighted average shares. This compares with a net loss of $13.0 million, or $0.45 per share, on 28.7 million weighted average shares in the third quarter of fiscal 2007 and with a net loss of $15.6 million, or $0.56 per share, on 27.6 million weighted average shares in the fourth quarter of 2006.


Separately, Ikanos Communications appointed Frederick M. Lax to its Board as a Non-Executive Director. Lax succeeds Mike Goguen who has been on Ikanos' board since May 1999. Lax has previously served with Tekelec, Lucent Technologies, AT&T and Bell Laboratories. As President and CEO of Tekelec, a leading developer of next-generation switching and signaling telecommunications network performance management technology and value-added applications, Lax oversaw Tekelec's growth strategy as it expanded its telecommunications product portfolio, strengthened its competitive position and successfully expanded its global presence, including the acquisition of several private companies. Currently Lax serves on the board of Argent Networks.http://www.ikanos.com

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