Financials: First Quarter 2008 Results

Investor Relations

First Quarter 2008 Results

First quarter financial highlights

  • Revenues of $43.0 million up 9% over prior quarter after adjusting prior quarter to remove $7.3 million related to product divestitures
  • Gross margin at 32.1%
  • Operating expenses at $14.7 million including a gain on sale of intangible assets of $3.2 million
  • Non-GAAP Proforma EBITDA loss of $2.8 million
  • Cash balance at $57.3 million
  • Cash balance net of debt obligations at $23.0 million

Press release

Zhone Technologies Reports First Quarter 2008 Financial Results

Financial Statements

Form 10-Q for March 31, 2008

To supplement Zhone's consolidated financial statements presented in accordance with GAAP, Zhone uses pro forma EBITDA, a non-GAAP measure Zhone believes is appropriate to enhance an overall understanding of Zhone's past financial performance and prospects for the future. The presentation of this additional information is not meant to be considered in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP. A reconciliation between net loss calculated on a GAAP basis and pro forma EBITDA on a non-GAAP basis is provided in a table immediately following the Unaudited Condensed Consolidated Statements of Operations included in the press release which can be accessed from the link above.