Airspan Reports Q3Airspan Reports Q3

Airspan Networks announced third quarter financial results for the period ending October 1, 2006

November 8, 2006

1 Min Read

BOCA RATON, Fla. -- Airspan Networks Inc. (NASDAQ: AIRN) today announced third quarter financial results for the period ending October 1, 2006. The Company reported revenue for the third quarter of $27.3 million, down 11% versus the third quarter of 2005. Year-to-date revenue of $96.5 million was up 32% versus the first 9 months of 2005. The net loss attributable to common stockholders for the third quarter was $(0.46) per share versus a loss of $(0.05) per share in the third quarter 2005. The third quarter 2006 loss included a non-cash charge of $9.2 million ($0.23 per share) associated with the issuance of Series B Preferred Stock for all of the previously outstanding Series A Preferred Stock and approximately $29 million of cash.

Airspan Networks Inc. (Nasdaq: AIRN)

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