In its first quarterly financial report since completing its IPO, Cavium Networks reported Q2 revenue of $12.7 million, a 14% sequential increase from the $11.1 million reported for the first quarter of 2007 and an increase of 56% from the $8.1 million reported for the second quarter of last year.
Net loss for the second quarter of 2007, on a GAAP basis, was $0.1 million, or $0.00 per share (diluted), compared with a net loss of $1.0 million, or $0.12 per diluted share in the first quarter of 2007, and a net loss of $3.1 million, or $0.39 per share (diluted) in the second quarter of last year. Gross margins for the second quarter of 2007 were 62.9% and 61.3% in the same quarter last year. Total cash and cash equivalents were $101 million at June 30, 2007. Total common shares outstanding were approximately 39.6 million shares at June 30, 2007.
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