ECI Reports a 9% Sequential Rise in Revenues

ECI Telecom reported Q4 revenues of $109 million, compared to $102 million in Q3 and $137 million in Q4 2002 (the figure for Q4 2002 included revenues from ECI's NGTS Division, which was subsequently spun off). The net loss for Q4 2003 was $13.6 million or $0.13 per share, compared to a net loss of $14.7 million, or $0.14 per share in Q3.


Gross margins were 39.1%.


Doron Inbar, ECI's President and CEO said, "We are pleased to observe both an improving business environment as well as an improvement in the Company's fundamentals. We are also pleased to report another quarter of sequential revenue growth. Orders were very strong in the quarter and we built substantial backlog, especially in the Optical Networks Division. We are encouraged by the performance of our Broadband Access Division which continues to strengthen its competitive position and record strong operating performance. http://www.ecitele.com