Netopia Sees Revenues Grow 46% Year-over-Year

Netopia reported quarterly revenue of $28.6 million, a 46% increase from $19.6 million for the same period in the prior fiscal year, and a 12% increase from $25.5 million for the prior quarter. Net income on a GAAP basis for the first fiscal quarter was $1.1 million or $0.04 per diluted share, compared to a net loss of ($3.9) million or ($0.21) per share for the same period in the prior fiscal year, and compared to net income of $0.2 million or $0.01 per diluted share in the prior quarterhttp://www.netopia.com