Ikanos Posts Revenue of $28.5 Million, up 14% Sequentially

Ikanos Communications reported Q4 2005 revenue of $28.5 million, a sequential increase of 14% from the $25.0 million reported for the third quarter of 2005 and an increase of 55% from the $18.4 million reported for the fourth quarter of 2004. GAAP net income for the fourth quarter of 2005 was $4.0 million, or $0.15 per diluted share on 26.1 million average shares. This compares with a net income of $3.1 million or $0.15 per diluted share on 20.3 million average shares in the third quarter of fiscal 2005 and with a net loss of $466,000, or a loss of $0.27 per diluted share on 1.7 million average shares in the fourth quarter of 2004.



"We are extremely pleased with our financial results for the quarter and fiscal year, as we achieved record revenue and net income," said Rajesh Vashist, chairman and CEO of Ikanos Communications. "2005 has been a monumental year for Ikanos, marking the tipping point for VDSL. At the end of 2005 cumulative VDSL DMT shipments by Ikanos surpassed 10 Million ports.http://ir.ikanos.com/