Sonus Networks Reports 2015 Fourth Quarter and Full Year Results

WESTFORD, Mass., Feb. 16, 2016 -- Sonus Networks, Inc. (SONS), a global leader in secure and intelligent Cloud communications, today announced results for the fourth quarter and full year ended December 31, 2015.

Fourth Quarter 2015 Highlights

  • Total Company revenue was $76.3 million, compared to $76.8 million in the fourth quarter of 2014.
  • Product revenue was $47.8 million, compared to $46.6 million in the fourth quarter of 2014.
  • Service revenue was $28.5 million, compared to $30.2 million in the fourth quarter of 2014.
  • GAAP gross margin was 68.5%; non-GAAP gross margin was 71.4%.
  • GAAP operating expenses were $48.2 million; non-GAAP operating expenses were $42.6 million.
  • GAAP diluted earnings per share was $0.09; non-GAAP diluted earnings per share was $0.23.
  • Cash and investments were $142.2 million at year-end, compared to $126.9 million at the end of the third quarter of 2015.
    Published: 16 February 2016
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Ubiquiti Networks Reports Second Quarter Fiscal 2016 Financial Results

~ Achieves Record Revenue and Earnings ~ ~ Non-GAAP Diluted EPS of $0.58 Per Share ~

SAN JOSE, Calif., Feb. 04, 2016 -- Ubiquiti Networks, Inc. (UBNT) (“Ubiquiti”) today announced results for the second fiscal quarter of 2016, ended December 31, 2015.

Second Quarter Fiscal 2016 Financial Summary

  • Revenues of $161.9 million
  • GAAP gross profit of $79.0 million and non-GAAP gross profit of $79.1 million
  • GAAP net income of $49.5 million and non-GAAP net income of $49.7 million
  • GAAP diluted EPS of $0.57 and non-GAAP diluted EPS of $0.58
  • Cash of $496.7 million, up 28% year-over-year and 14% sequentially
  • $77.3 million in net cash provided by operating activities
    Published: 05 February 2016
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BlackBerry Reports 43 Percent Year-over-Year Organic Growth in Software License Revenue for the Fiscal 2016 Third Quarter

Total software and services revenue grows 183 percent year over year

WATERLOO, ONTARIO--(Dec 18, 2015) - BlackBerry Limited (BBRY)(BB.TO), a global leader in mobile communications, today reported financial results for the three months ended November 28, 2015 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q3 Highlights

InfoSonics Reports Third Quarter 2015 Results

SAN DIEGO, Nov. 5, 2015 -- InfoSonics Corporation (IFON), the provider of verykool® wireless handset solutions and tablets, today announced results for its third quarter ended September 30, 2015.

"We are encouraged by the significant improvement we achieved this quarter compared to the prior year," said Joseph Ram, president and CEO of InfoSonics.  "We reported a 50% increase in sales and a 67% increase in gross profit.  Our strategy to focus on the retail channel rather than large carrier customers is gaining significant traction.  Sales to retailers and distributors comprised 69% of our 2015 third quarter sales.  That represents a dramatic shift from only 19% in the first quarter of 2014. The result is that we are now selling a greater percentage of smartphones and our average unit selling price in the 2015 third quarter rose by 33% to $39.34 compared to $29.64 in the 2014 third quarter.

Published: 05 November 2015
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WPCS Provides Stockholder Update

Stronger Balance Sheet and Profitable Operations Provide Foundation for Growth Strategy

SUISUN, CA--( Oct 8, 2015) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure, today issued a stockholder update following its September 29, 2015 Annual Stockholder Meeting, summarizing the Company's improved financial condition, as it transitions from completing a successful restructuring plan to implementing a value-enhancing growth strategy.

In a prepared statement, Sebastian Giordano, Interim CEO of WPCS, said, "As we previously announced, the restructuring of WPCS, which commenced in August 2013 and was completed in July 2015, was not only highly successful, but now has the Company better-positioned for the future, as we chart a new, exciting course for the Company. In two years time, we executed a turnaround plan that resulted in significant improvements in our financial position, as we eradicated millions of dollars in expenses and liabilities by:

Published: 08 October 2015
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