Centillium Reports Q3

Net revenues for Q3 of 2007 were $10.0M

November 1, 2007

2 Min Read

FREMONT, Calif. -- Centillium Communications, Inc. (NASDAQ:CTLM) , a leading provider of broadband access solutions, today announced financial results for the third quarter ended Sept. 30, 2007.

Net revenues for the third quarter of 2007 were $10.0 million, compared with $10.0 million during the second quarter of 2007 and $16.0 million during the third quarter of 2006.

During the third quarter of 2007, revenues by market, as a percentage of the company's net revenues, were 60 percent from ADSL, 25 percent from VoIP and 15 percent from Optical.

The GAAP gross margin was 62.4 percent (62.5 percent, non-GAAP) for the third quarter of 2007, compared with 55.1 percent (55.2 percent, non-GAAP) for the second quarter of 2007 and 51.5 percent (51.6 percent, non-GAAP) for the third quarter of 2006.

GAAP results were a net loss of $5.2 million, or a net loss of $0.13 per share, for the third quarter of 2007, compared with a net loss of $8.9 million, or a net loss of $0.22 per share, for the second quarter of 2007 and a net loss of $2.9 million, or a net loss of $0.07 per share, for the third quarter of 2006. The GAAP results for all periods include charges for stock-based compensation due to the adoption of SFAS 123R, effective Jan. 1, 2006. The GAAP results for the nine months ended Sept. 30, 2007 include the $2.5 million expense in connection with the full settlement of a litigation and the $308,000 surplus space charge expensed in the previous quarter.

Non-GAAP results, which exclude the effect of stock-based compensation for all periods, and exclude the expense in connection with the full settlement of a litigation and the surplus space charge expensed in the second quarter of 2007, were a net loss of $4.7 million, or a net loss of $0.11 per share, for the third quarter of 2007, compared with a net loss of $5.6 million, or a net loss of $0.14 per share, for the second quarter of 2007 and a net loss of $2.1 million, or $0.05 per share, for the third quarter of 2006.

Centillium Communications Inc.

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