Zhone Posts Q2 Revenue of $30.3 Million

Zhone Technologies reported Q2 revenue of $30.3 million compared with $24.1 million for the first quarter of 2009 and $40.1 million for the second quarter of 2008. Net loss (GAAP) was $2.3 million or $0.02 per share compared with a net loss of $6.9 million or $0.05 per share for the first quarter of 2009, and a net loss of $80.3 million or $0.53 per share for the second quarter of 2008.


"Strong sequential revenue growth, improving gross margins and continued expense control contributed to better than expected earnings for the quarter," stated Mory Ejabat, Zhone's chief executive officer. "We are encouraged by the immediate acceptance of our new products and hope to build on that momentum to achieve our primary goal of reaching quarterly EBITDA profitability by year end."http://www.zhone.com