View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
March 3, 2009

Occam Networks posts Q4 net income

Revenue up 49%

By CBR Staff Writer

Occam Networks, a provider of broadband access services, has posted a GAAP net income of $1.1m, or $0.06 per basic and diluted share, for the fourth quarter ended December 31, 2008, compared with a GAAP net loss of $4.5m, or $0.23 per basic share, for the fourth quarter of 2007.

Revenue for the fourth quarter of 2008 was $31.66m, up 49% from $21.26m from the same quarter of 2007.

For full-year 2008, revenue was $99.3m, up 32% from $75.12 in 2007. GAAP net loss for 2008 was $6.7m, or $0.34 per basic share, compared with a GAAP net loss for 2007 of $10.4m, or $0.53 per basic share.

Bob Howard-Anderson, president and CEO of Occam, said: During the year, our key goal was to position Occam for profitability by growing our overall customer base and launching sales of our GPON product, and these drove the successful execution of our business during the quarter. During the quarter we also experienced some slowdown in bookings and have seen additional order delays during the first quarter, as customers reacted to the economic environment.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU