Monday, November 12, 2007

Occam Posts Q3 Revenues of $15.7 Million

Occam Networks reported Q3 revenue of $15.7 million, representing a decrease of 19 percent over the second quarter of 2007, and a 25 percent decrease over the same third quarter of 2006. Revenues for the first nine months of 2007 were $53.9 million, a 17 percent increase over the same nine months for 2006. Net loss for the third quarter of 2007 was $4.9 million as compared to $946,000 for the second quarter of 2007 and net income of $1.6 million for the third quarter of 2006.

"It was a challenging quarter for Occam on many fronts," said Bob Howard-Anderson, president and CEO of Occam Networks. "The market proved challenging, as customers delayed purchasing decisions and shifted their investment decisions from copper to fiber access lines. We are pleased that we concluded our restatement and are now current in all of our required SEC filings."

See also