Tuesday, November 2, 2004

Alvarion Sees Broadband Wireless Revenues Rise 7% Sequentially

Alvarion, a supplier of wireless broadband equipment, reported record Q3 revenues of $52.2 million, an increase of 7% compared to $48.8 million in Q2 2004, and up 52% from $34.3 million in Q3 2003. Gross margin increased for the 12th consecutive quarter, reaching 44.3% compared to 43.2% in the second quarter of 2004 and 41.1% in the third quarter of 2003.

According to US GAAP, net income increased to $3.7 million or $0.06 per share on a fully diluted basis for the third quarter of 2004. GAAP net income for the second quarter of 2004 was $2.5 million, or $0.04 per share on a fully diluted basis, and GAAP net loss for the third quarter of 2003 was $(2.1) million, or $(0.04) per share.

"Our broad-based growth in Q3 again reflected the increase in worldwide demand for wireless broadband solutions. We also continue to see a high degree of interest in the WiMAX standard."http://www.alvarion.com

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