Ceragon Networks, which supplies high-capacity wireless backhaul solutions, reported Q4 2007 revenues of $46.1 million, up 40% from $32.9 million for the fourth quarter of 2006 and 3.8% from $44.5 million in the third quarter of 2007. Net income (GAAP) was $4.4 million or $0.13 per basic share and $0.12 per diluted share compared to net loss of $8.1 million in the fourth quarter of 2006, or $0.30 basic and diluted net loss per share. Gross margin on a GAAP basis in the fourth quarter of 2007 was 36.2% of revenues.
“We are pleased to report record quarterly and annual results,” said Ira Palti, President and CEO of Ceragon. “2007 was an excellent year in which our revenues grew 49% and our profits grew even faster. We believe the primary growth drivers for high-capacity wireless backhaul remain in place and we have a large pipeline of opportunities. We are looking forward to another year of growth in 2008.”
http://www.ceragon.com
