UTStarcom reported Q4 2007 net sales of $806 million as compared to $704 million in the fourth quarter of 2006. Gross margins for the fourth quarter 2007 were 12.7% as compared to 11.1% in the fourth quarter of 2006. Net loss for the fourth quarter of 2007 was $24.6 million, or a loss of ($0.20) per share, as compared to a loss of $42 million, or ($0.35) per share in the fourth quarter of 2006.
et sales for the full year 2007 were $2.5 billion as compared to $2.5 billion in 2006. Gross margins for the full year 2007 were 13.0% as compared with 15.7% in 2006. Net loss for the year was $195.6 million, or a loss of ($1.62) per share, as compared to a loss of $117.3 million, or ($0.97) per share in 2006.
“Beginning in the fourth quarter of 2007, we launched a number of initiatives, including a restructure of the Company to focus on our core growth technologies, including IPTV, and IP-based softswitch and broadband devices. Through 2008, we shall be very focused on continued operational improvements and the execution of our new strategy,” stated Peter Blackmore, chief operating officer of UTStarcom. http://www.utstart.com
