Tuesday, January 20, 2009

Veraz Networks Exceeds Financial Guidance

Veraz Networks expects preliminary financial results for the fourth quarter ended December 31, 2008, to exceed previously provided guidance. Specifically, based on preliminary data, Veraz Networks expects to announce the following selected Q4 results:

  • Revenues to be in the range of $25.5 million to $26.5 million, as compared to previous guidance of $22 million to $24 million.

  • Net loss to be in the range of ($2 million to $1 million), or ($0.04 to $0.02) loss per share, as compared to previous guidance of a loss of ($3 million to $2 million), or ($0.07 to $0.04) loss per share.

  • On a non-GAAP basis (after exclusion of stock compensation and SEC inquiry related expenses), net income to be breakeven to $1 million, or $0.00 to $0.02 income per share, as compared to previous guidance of a net loss of ($2 million to $1 million), or ($0.04 to $0.01) loss per share.

  • Net cash and short term investments to have increased by approximately $3.5 million, as compared to previous guidance of net cash used by operations of ($3 million to $2 million).


Full results are expected on February 17, 2009.
http://www.veraznetworks.com

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