Occam Networks reported Q1 2010 revenue of $22.3 million, compared with $21.9 million for the fourth quarter of 2009 and with $19.4 million for the first quarter of 2009. Gross margin for the first quarter of 2010 was $9.8 million, or 44% of revenue, compared with $8.9 million, or 40% of revenue for the fourth quarter of 2009. Gross margin for the first quarter of 2009 was $8.2 million, or 42% of revenue. There was a GAAP net loss of $610,000 or a net loss of $0.03 per basic share.
“This quarter marked the shipment of several important new products,” said Bob Howard-Anderson, president and CEO of Occam. “With our product breadth and depth and continued good financial performance, we continue to believe that we are well positioned for growth in broadband deployments by service providers worldwide.”http://www.occamnetworks.com
