Earnings are out. IMO they did OK, but not spectacular. Probably backlogged a lot...
biz.yahoo.com
Company Press Release
Sonus Networks Reports 2000 Second Quarter Financial Results
Q2 Revenues Grow to $6.5 Million, Up 496% From Preceding Quarter
WESTFORD, Mass.--(BUSINESS WIRE)--July 13, 2000--Sonus Networks, Inc. (NASDAQ:SONS - news), a leading provider of voice infrastructure solutions for the new public network, today reported financial results for its second quarter ended June 30, 2000.
Revenues for the second quarter of fiscal 2000 were $6.5 million compared with $1.1 million for the first quarter ended March 31, 2000, an increase of 496 percent. Net loss, excluding stock-based compensation, for the second quarter of fiscal 2000 was $9.0 million or $0.21 per share on a pro forma basis, compared with a net loss, excluding stock-based compensation, of $9.1 million or $0.23 per share on a pro forma basis for the first quarter of fiscal 2000.
Net loss for the second quarter of fiscal 2000, including stock-based compensation, was $15.4 million or $0.36 per share on a pro forma basis, compared with a net loss of $16.0 million or $0.41 per share on a pro forma basis, for the first quarter of fiscal 2000.
Revenues for the first six months of fiscal year 2000 were $7.6 million. Net loss, excluding stock-based compensation, for the first six months of fiscal year 2000 was $18.0 million or $0.44 per share, on a pro forma basis. Net loss for the first six months of fiscal year 2000 was $31.4 million or $0.77 per share on a pro forma basis.
All per share amounts above are on a pro forma basis, which assumes the conversion of all redeemable convertible preferred stock into common stock as if such conversion occurred at the date of original issuance.
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