Occam Networks reported Q4 2006 revenue of $20.1 million, an increase of 56% over the fourth quarter of 2005 and 11% sequentially over the third quarter of 2006. Annual revenue for 2006 was $68.6 million, representing a 75% increase over annual revenue for 2005. Net income for the fourth quarter of 2006 (GAAP) was $0.9 million or $0.04 per diluted share compared with net income of $0.4 million or $0.03 per diluted share for the fourth quarter of 2005 and net income of $0.2 million or $0.01 per diluted share for the third quarter of 2006.
The company also finished the fiscal year by surpassing one million ports shipped. Occam said its fiscal year end results reflect increasing interest among telecommunications service providers in upgrading their networks to offer IPTV, Triple Play and other new, innovative services. The company has now surpassed the 200 customer mark. http://www.occamnetworks.com
