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Product category: Optical Transceivers, Transponders and Repeaters
News Release from: Bookham
Edited by the Electronicstalk Editorial Team on 07 August 2006

Bookham eliminates long-term debt

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Bookham has announced financial results for its fourth quarter and fiscal year 2006, ended 1st July 2006.

Bookham has announced financial results for its fourth quarter and fiscal year 2006, ended 1st July 2006 Revenue in the fourth quarter of fiscal 2006 was $55.0 million, compared with $53.4 million in the third quarter of fiscal 2006 and $61.0 million in the fourth quarter of fiscal 2005

Revenue from customers other than Nortel increased 25% sequentially to $36.5 million from $29.3 million last quarter.

Revenue from Nortel in the fourth quarter declined as previously forecast to $18.5 million compared with $24.1 million in the prior quarter.

Under generally accepted accounting principles (GAAP), gross margin in the fourth quarter was 9%.