BigBand Reports Q4 EPS of $(0.05) vs. $(0.10)
February 01, 2011 5:42 PM
BigBand Networks, Inc. (NASDAQ: BBND) today reported financial results for the fourth quarter and fiscal year ended December 31, 2010.
For the fourth quarter of 2010, total revenues were $26.3 million. This compares to revenues of $34.4 million reported in the fourth quarter of 2009. GAAP net loss for the fourth quarter of 2010 was $5.9 million, or ($0.09) per share, compared to GAAP net loss of $1.2 million, or ($0.02) per share, reported in the fourth quarter of 2009.
On a non-GAAP basis, the Company reported a net loss of $3.4 million, or ($0.05) per share, in the fourth quarter of 2010, which compares to non-GAAP net income of $3.1 million, or $0.04 per diluted share, reported in the fourth quarter of 2009. Fourth quarter 2010 non-GAAP results exclude $2.5 million in stock-based compensation expense and related income taxes.
