Monday, January 30, 2006

Zhone Reports Q4 Revenue of $53.2 Million

Zhone Technologies reported Q4 2005 revenues of $53.2 million, compared with $28.1 million for the fourth quarter of 2004. Net loss for the fourth quarter of 2005, calculated in accordance with Generally Accepted Accounting Principles ("GAAP"), was $107.2 million or $0.73 per share compared with a net loss of $3.8 million or $0.04 per share for the fourth quarter of 2004.

Zhone noted that it shipped over 675,000 DSL access ports in 2005, putting it among the top three suppliers of DSLAM equipment in North America.

"We are very pleased with this quarter's performance, especially in the continued adoption of our flagship SLMS products," said Mory Ejabat, Chairman and Chief Executive Officer of Zhone.

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