Ikanos Reports Quarterly Revenue of $25.0 million

Ikanos Communications reported Q3 net revenue of $25.0 million, a sequential increase of 30% from the $19.2 million reported for the second quarter of 2005 and an increase of 39% from the $18.0 million reported for the third quarter of 2004. GAAP net income for the third quarter of 2005 was $3.1 million, or $0.15 per diluted share on 20.3 million average shares. This compares with a net loss of $844,000, or a loss of $0.53 per diluted share on 1.6 million average shares in the third quarter of 2004.


Ikanos cited growing momentum for VDSL services worldwide.
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