Telecom Lead Asia: FTTx network access solutions provider Zhone Technologies has posted $28.3 million revenue in the fourth quarter of 2012 compared to $33.4 million for the fourth quarter of 2011.
Net profit for the fourth quarter of 2012 was $0.7 million compared with a net loss of $4.6 million for the fourth quarter of 2011.
“We’re very pleased that we met our primary financial goal for 2012 of achieving positive quarterly adjusted EBITDA and at the same time generated positive quarterly GAAP net income,” said Mory Ejabat, Zhone’s chief executive officer.
“For 2013, our primary financial goal will be maintaining that profitability through revenue growth in the second half of the year based on the continued success of our industry leading MXK and the generation of new revenue from our recently launched FiberLAN Optical LAN Solution,” Ejabat added.
