Aware, Inc. Reports Second Quarter 2002 Financial Results
BEDFORD, Mass.--(BUSINESS WIRE)--July 31, 2002--Aware, Inc. (NASDAQ:AWRE), a worldwide leader in DSL (digital subscriber line) technology for high-speed Internet access over telephone networks, today reported financial results for its second quarter ended June 30, 2002.
Revenues for the second quarter of 2002 were $4.0 million compared with $4.0 million for the same period last year. Sequentially, second quarter revenues increased 12% from $3.6 million in the first quarter of 2002. Net loss for the second quarter of 2002 was $2.1 million, or
($0.09) per diluted share. Net income for the second quarter of 2001 was $40,000, or $0.00 per diluted share.
Michael Tzannes, chief executive officer, said: "Deployments of new ADSL service around the world have continued to grow despite prolonged challenging telecommunications market conditions. We continue to believe in the long-term health and viability of the ADSL industry and have continued to improve and expand upon our intellectual property packages to best serve it. While we continue to experience a difficult industry environment, we are confident that Aware's strong customer base and technology will return us to better days." |
