Ceragon Networks Posts Reports Record Q4 Revenues

Ceragon Networks reported revenue for its fourth quarter which ended December 1, 2011 of 2011 reached $118.5 million, up 77% from $67.0 million for the fourth quarter of 2010, and up 2% from $116.1 million in the third quarter of 2011.
Net loss (GAAP) for the fourth quarter of 2011 was ($8.2) million or $(0.23) per basic share and diluted share, compared to net income of $3.8 million in the fourth quarter of 2010, or $0.11 per basic share and $0.10 per diluted share.


Revenues for the full year of 2011 were $445.3 million, up 78% from $249.9 million in 2010. Net loss on a GAAP basis for 2011 was $(53.7) million or $(1.49) per basic share and diluted share. Net income for the year 2010 was $14.1 million or $0.40 per basic share and $0.38 per diluted share.


"As a result of our continued strong execution, we reported higher revenues, gross margin and profitability for the fourth quarter," said Ira Palti, President and CEO of Ceragon. "I am delighted to report that the integration of the Nera business is complete. We believe our decision to seize the first-mover advantage in the latest round of industry consolidation, combined with the rapid integration, positions us to continue to grow and to gain market share as the #1 wireless backhaul specialist.


Geographical breakdown, fourth quarter of 2011:


Europe: 24%

Africa: 21%

North America: 8%

Latin America: 21%

India: 10%

APAC: 16%

http://www.ceragon.com