Any thoughts on this...i'm fairly new at this game....
my sources told me possibly 30% with this one...
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OAKLAND, Calif., Apr 20, 2005 (BUSINESS WIRE) -- Zhone Technologies, Inc. (ZHNE, Trade), the first company dedicated to building total-delivery solutions for voice, data and content services worldwide, today reported its results for the first quarter ended March 31, 2005.
Revenue for the first quarter of 2005 was $27.6 million, compared with $21.0 million for the first quarter of 2004. Net loss for the first quarter of 2005, calculated in accordance with Generally Accepted Accounting Principles ("GAAP"), was $5.1 million compared with a net loss of $13.4 million for the first quarter of 2004. Pro forma loss before interest, taxes, depreciation and amortization (EBITDA) calculated on a non-GAAP basis was $1.7 million for the first quarter of 2005, compared to a pro forma EBITDA non-GAAP loss of $3.7 million for the first quarter of 2004. A reconciliation between net loss calculated on a GAAP basis and pro forma EBITDA on a non-GAAP basis is provided in a table immediately following the Unaudited Condensed Consolidated Statements of Operations.
During the first quarter Zhone won significant new business for both our flagship Optical Transport and SLMS Access products. DSL port shipments on our flagship MALC and Raptor products increased to 108,000 ports in the first quarter of 2005 - an increase of over 500% over the first quarter of 2004 and an increase of over 100% over the previous quarter. In addition to strong U.S. sales, business from new first-time customers was realized in all of our international sales regions.
"We are very pleased with this quarter's performance, especially in the continued adoption of our SLMS and Optical products.," said Mory Ejabat, Chairman and Chief Executive Officer of Zhone. "Increased customer acquisition and solid execution by our team clearly indicate that Zhone is well-positioned for the balance of 2005 and beyond." (See April 20, 2005 Press Release: "Zhone Establishes Market Leadership Among Next Generation Broadband Loop Carrier Access Platforms")
Zhone will hold a conference call today, April 20, 2005, at approximately 2:00 p.m. Pacific Time to review its first quarter results. The call is open to the public by dialing 800-573-4842 for U.S. callers and +1 617-224-4327 for international callers and entering the passcode 84960375
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