Redback Reaches Revenue of $48.0 million, up 32% Sequentially

Redback Networks reported net revenue for the fourth quarter of 2005 of $48.0 million, an increase of 32 percent from the third quarter of 2005. Net revenue was up $15.9 million, or 50 percent, over the fourth quarter of 2004. Net revenue for the fiscal year 2005 jumped to $153.3 million, compared with $115.6 million in fiscal year 2004. GAAP net income for the fourth quarter of 2005 was $0.3 million or $0.01 per share attributable to common stockholders compared to a GAAP net loss of $12.0 million or $(0.23) per share in the fourth quarter of 2004.

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