Sunday, July 18, 2004

Zhone Reports Q2 Revenue of $21 Million

Zhone Technologies reported Q2 revenue of $21.0 million, compared with $20.5 million for the second quarter of 2003. Net loss (GAAP) for Q2 2004 was $7.4 million, compared with a net loss of $6.5 million applicable to common shareholders for the second quarter of 2003.

"Second quarter revenue was slightly lower than the guidance provided during our first quarter conference call," said Mory Ejabat, Chairman and CEO of Zhone. "Bookings were strong and exceeded revenues for the quarter. In addition, we are encouraged by additional traction with new customers for our SLMS products.


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