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Sandvine Reports Q4

Sandvine announced consolidated financial results for the fourth quarter and fiscal year ended November 30, 2006

January 24, 2007

1 Min Read

WATERLOO, Ontario -- Sandvine Corporation (TSX:SVC;AIM:SAND) (the“Company”), one of the leading developers and marketers of network equipment targeted at theevolving needs of residential broadband service providers, today announced consolidated financialresults for the fourth quarter and fiscal year ended November 30, 2006. All figures are in Canadiandollars and are in accordance with Canadian GAAP unless otherwise specified.Revenue for the fiscal year ended November 30, 2006 was $ 31.7 million, compared with $ 15.8 millionin fiscal 2005, representing an increase of 100.3%. Net loss for fiscal 2006 was $ 0.4 million, or a basicloss of $0.004 per share, compared with a net loss of $ 3.0 million or a basic loss of $0.039 per share forfiscal 2005.

Revenue for the quarter ended November 30, 2006 was $ 9.2 million, compared with $ 6.4 million inthe same quarter last year, representing an increase of 44.2%. Net income for the fourth quarter of fiscal2006 was $ 0.1 million, or $0.001 per share on a diluted basis, compared with net income of $0.4million or $0.004 per share on a diluted basis for the fourth quarter of fiscal 2005.

Sandvine Inc.

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