Tuesday, February 19, 2008

Occam Posts Q4 Revenue of $21.3 Million

Occam Networks reported Q4 2007 revenues of $21.3 million, a decrease of 4% as compared to the fourth quarter of 2006 and an increase of 36% sequentially over the third quarter of 2007. Annual revenue for 2007 was $75.1 million, representing a 10% increase over annual revenue for 2006. Net loss (GAAP) for Q4 was $4.6 million or $0.23 per share.

Occam said it capped the fiscal year by achieving double-digit customer growth for a thirteenth straight quarter. Among the new customer additions was GTA TeleGuam, Occam's first Asia-Pacific customer, which awarded the company an initial project to upgrade service on more than 10,000 access lines.http://www.occamnetworks.com