ECI Telecom reported Q1 revenues of $111 million. compared to $109 million in Q4 and $113 million in Q1 of 2003. The company recorded a net loss for Q1 of 2004 of $1.2 million or $0.01 per share, compared to a net loss of $13.6 million, or $0.13 per share, in Q4 and a net loss of $7.8 million, or $0.07 per share in Q1 of 2003.
- Revenues of the Optical Networks Division were $52 million in Q1 of 2004 compared to $49 million in Q4 and $42 million in Q1 of last year.
- The Broadband Access Division’s revenues increased sequentially to $48 million, from $47 million in Q4 and as compared to $51 million in Q1 of 2003.
- ECtel (58% owned by ECI), reported revenues of $3.3 million in Q1, compared to $5.6 million in Q4 and $10.0 million in Q1 of last year.
- ECI’s sales to Veraz Networks (of which ECI holds a 43% share) totaled $7 million in Q1, as compared with $6.4 million recorded in Q4 of 2003 and $9 million in Q1 of 2003.
“We see a clear pickup in our business. We expect continued revenue growth throughout 2004,” said Doron Inbar, ECI Telecom’s President and CEO. http://www.ecitele.com