BigBand Revenues Jump 45%
BigBand saw gross margins improve in the quarter, from 48.7 percent to 53.4 percent. (See BigBand Shares on Downward Swing and BigBand Rebounds.) The company's shares were up $1.49 (11.93 percent), to $13.98 each in late afternoon trading Thursday.
Although BigBand has not secured a switched digital video foothold with Comcast Corp. (Nasdaq: CMCSA, CMCSK) as that MSO embarks on early technical trials, it has been a key deployment partner with MSOs such as Time Warner Cable Inc. (NYSE: TWC), Cox Communications Inc. , and Cablevision Systems Corp. (NYSE: CVC).
Looking ahead, the company expects to record third-quarter revenues in the range of $54 million to $58 million, and non-GAAP (generally accepted accounting principles) earnings per share of 3 cents to 7 cents. On a GAAP basis, earnings could range from a loss of 1 cent per share to a profit of 3 cents per share.
The company said investors have requested it disclose non-GAAP information because it excludes non-cash and other "special" charges that may "obscure our true operating results."
BigBand is holding a conference call Thursday afternoon to discuss financial results and deployment activity in more detail.
— Jeff Baumgartner, Site Editor, Cable Digital News