Net sales of $41.1 million for the second quarter of 2001 increased 46% over net sales of $28.1 million for the second quarter of 2000, and decreased 15% from net sales of $48.2 million for the prior quarter ended March 31, 2001. Including goodwill amortization, deferred stock compensation, and one-time charges related to the severe down-turn in the communications equipment market, Luminent reported a net loss of $66.0 million, or $0.42 per share, for this quarter as compared to a net loss of $22.3 million, or $0.14 per share, for the prior quarter ended March 31, 2001.
SOURCE: COMPANY PRESS RELEASE
