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Article: Netopia Reports First Quarter Results; Increased Profitability as Revenues Grow 46% Year-over-Year and 12% Sequentially.
- Article from:
- Business Wire
- Article date:
- January 20, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/High-Tech Writers
EMERYVILLE, Calif.--(BUSINESS WIRE)--Jan. 20, 2004
Netopia, Inc. (NASDAQ: NTPA), a market leader in broadband gateways and service delivery software, today announced results for the first fiscal quarter ended December 31, 2003. Revenues for the first fiscal quarter ended December 31, 2003 were $28.6 million, a 46% increase from $19.6 million for the same period in the prior fiscal year, and a 12% increase from $25.5 million for the prior quarter ended September 30, 2003.
Net income on a GAAP basis for the first fiscal quarter was $1.1 million or $0.04 per diluted share, compared to a net loss of ($3.9) million ...