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Article: Airvana Reports 2Q Financial Results
- Article from:
- Manufacturing Close-Up
- Article date:
- August 4, 2009
CopyrightCopyright 2009 Manufacturing Close-Up. Provided by ProQuest LLC. (Hide copyright information)
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Airvana, a provider of mobile broadband network infrastructure
products, has reported financial results for the quarter ended June
28.
In a release dated July 30, the company stated:
GAAP Financial Highlights
- Revenue: Total revenue for the second quarter of 2009 was $4.9
million, compared with $59.0 million for the second quarter of 2008.
For the first six months of 2009, revenue was $14.1 million,
compared with $66.7 million for the first six months of 2008.
- Net Loss/Income: Net loss for the second quarter of 2009 was
$14.0 million, compared with net income of $20.6 million for the
second quarter of 2008. For the first six months of 2009, net loss
was $21.2 million, compared with net ...