Wednesday, August 6, 2008

Occam Posts Q2 Revenue of $22.8 Million

Occam Networks reported Q2 revenue of $22.8 million, up 19 percent from the same quarter a year ago and up 16 percent compared with the prior quarter. The sequential increase in revenue was primarily due to higher sales to new customers. Gross margin improved to $10.1 million, or 44% of revenue, compared with $8.4 million, or 43% of revenue, for the prior quarter and with $7.1 million, or 37% of revenue, for the second quarter of 2007. Net loss (GAAP) attributable to common stockholders for the second quarter of 2008 was $2.7 million, or a loss of $0.13 per basic share, compared with a net loss of $4.5 million, or a loss of $0.23 per basic share, for the first quarter of 2008 and with a net loss of $946,000, or $0.05 per basic share, for the second quarter of 2007.


"The second quarter marked solid progress toward our goal of returning to profitability," said Bob Howard-Anderson, president and CEO of Occam Networks. "As planned, we executed on trials for our new GPON products and have received positive customer feedback. In addition, we recorded initial sales to our recent Northern New England FairPoint win. We believe that new customers and innovative products -- such as GPON -- bolster Occam's market position and will continue to foster our growth."http://www.occamnetworks.com

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