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News

1 March 2007

 

Optium reports 10th quarter of revenue growth, more than doubling year-on-year

For its fiscal second-quarter 2007 (to end-January), Optium Corp, which makes optical subsystems (including transceivers and transmitters) for telecom and cable TV networks, has reported its tenth quarter of consecutive growth, as well as record revenues and net income.

Revenue was $34.1m (up 14% on $30m the prior quarter and up 113% on $16m a year ago). Net income was $4.3m (up from $3.2m the prior quarter and $817,000 a year ago), excluding charges associated with stock-based compensation and duplicate facility costs related to February’s relocation of US operations from Chalfont, PA to a new facility in Horsham, PA ( allowing a three-fold capacity expansion) . Staffing has more than doubled in the last year to 211.

During the quarter, Optium added new products, new customers and design wins, as well as expanding manufacturing capacity in both the USA and Australia. The firm began production shipments of its new wavelength-selectable switch reconfigurable optical add/drop multiplexer (WSS ROADM), which is based on proprietary liquid crystal on silicon technology (LCoS) gained via last year’s acquisiton of Engana in Australia, and offers software-reconfigurable features such as drop and continue and programmable channel contouring. Optium also raised $97m in November’s initial public offering on Nasdaq.

For its fiscal third-quarter 2007, Optium expects revenue to rise slightly to $34.5-35.5m.

Visit: http://www.optium.com