Ikanos Communications revenue up over previous quarter

Ikanos Communications, Inc. (NASDAQ: IKAN) said its revenue for the fourth quarter of 2013 was USD17.6m compared to revenue of USD16.9m for the third quarter of 2013. GAAP gross profit for the fourth quarter of 2013 was 50% compared to a GAAP gross profit of 51% for the third quarter of 2013.

Non-GAAP gross profit for the fourth quarter of 2013 was 51% compared to a non-GAAP gross profit of 52% for the third quarter of 2013.

GAAP operating expenses for the fourth quarter of 2013 were USD17.1m compared to GAAP operating expenses of USD17.0m for the third quarter of 2013.

Non-GAAP operating expenses for the fourth quarter of 2013 were USD16.2m compared to non-GAAP operating expenses of USD16.0m for the third quarter of 2013.

GAAP net loss for the fourth quarter of 2013 was USD(8.6)m or a loss of USD(0.10) per share on 85.6m weighted average shares outstanding compared to a GAAP net loss of USD(8.7)m, or USD(0.12) per share on 71.7m weighted average shares, for the third quarter of 2013.

Non-GAAP net loss for the fourth quarter of 2013 was USD(7.6)m or a loss of USD(0.09) per share on 85.6m weighted average shares outstanding compared to a non-GAAP net loss of USD(7.5)m, or USD(0.11) per share on 71.7m weighted average shares outstanding for the third quarter of 2013.

Ikanos Communications is a provider of advanced broadband semiconductor and software products for the digital home. For more information, visit www.ikanos.com .

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