Telecom Lead Asia: Zhone Technologies, a provider of
FTTx network access solutions, has reported revenue of $27.1 million for the
first quarter of 2012, against $29.6 million for the first quarter of 2011 and
$33.4 million for the fourth quarter of 2011.
Net loss for the first quarter of 2012 was $3.4 million
compared with a net loss of $2.4 million for the first quarter of 2011 and a
net loss of $4.6 million for the fourth quarter of 2011.
The company posted adjusted EBITDA loss of $3.1 million
for the first quarter of 2012, compared to an adjusted EBITDA loss of $1.8
million for the first quarter of 2011 and an adjusted EBITDA profit of $0.3
million for the fourth quarter of 2011.
“Though this quarter’s revenue was seasonally weak,
there are several reasons for enthusiasm as we focus our efforts on 2012. We
experienced a strong increase in orders during March and as a result, we exited
the first quarter with better than expected backlog driving optimism for 2012
and a much stronger second quarter,” said Mory Ejabat, Zhone’s chief
executive officer.
Cash, cash equivalents and short-term investments at
March 31, 2012 was $15.0 million compared to $18.2 million at December 31,
2011.
The company’s total assets stood at $68.96 million for
the quarter ended 31 March, 2012, against $80.72 million for the previous
quarter.
Zhone Technologies is a global provider of all IP
multi-service access solutions, serving more than 750 of the world’s most
innovative network operators.
Zhone is headquartered in California and its products are
manufactured in the USA in a facility that is emission, waste-water and CFC
free.
Zhone Technologies achieves 3,000 MXK platform deployments
worldwide
Recently, Zhone Technologies announced the deployment of
more than 3,000 MXK multi-service access node (MSAN) platforms worldwide.
According to research findings, demand for FTTx services
to grow at a 14-16 percent CAGR over the next 3-5 years with continued strong
growth expected in the U.S., Latin America and European markets where Zhone
continues to focus its efforts.
editor@telecomlead.com
