CopperMountain [CMTN] beats consensus estimates by 800%, revenues surge 1,560%.
Consensus estimates were for $0.01, ranging from breakeven to $0.04, from 4 brokers. Actual results were $0.09.
2ndQ revenues were $21.6 million compared to $1.3 million last year, and $13.2 million just the previous quarter.
"We are pleased with the financial results Copper Mountain reported for our first quarter as a public company," said Copper Mountain Networks, Inc. President and Chief Executive Officer, Rick Gilbert. "Total revenues and net income for the current quarter exceeded our expectations as the pace of DSL deployments by our customers accelerated rapidly in Q2 1999, and we see strong demand for our products continuing through Q3 1999."
Incredible...the full article can be read at coppermountain.com
Founded in January 1996 with offices in Palo Alto and San Diego, California, Copper Mountain Networks, Inc. develops and markets a comprehensive family of DSL solutions that enable high-speed internetworking over existing copper facilities. The Company's mission is to enable carriers and other service providers to offer a full range of high-performance, cost-effective data and voice services over DSL that are easy to deploy, use, and manage. Copper Mountain's CopperRocket™ CPE family addresses the bandwidth, reliability, ease-of-use, and cost concerns of remote offices and users. Its carrier-class CopperEdge™ DSL concentrators and CopperView™ network management solutions offer a robust and scalable platform for carriers and multi-tenant unit service providers to generate a high return on investment while satisfying the ever-increasing user demand for bandwidth. For Investor Relations information, call our toll free number at 877-463-6268 or contact us via e-mail at IR@coppermountain.com. |
