Article Tools

• 

Alvarion Ltd. recently announced financial results for the second quarter, which ended June 30, 2006:

• Continued sequential growth to $50.5 million.
• BreezeMAX revenue increased 23% over Q1 to one-third of total revenue.
• Breakeven non-GAAP EPS (GAAP loss of $0.45 per share).
• Self-install CPE and high-power base stations began shipping in Q2.
• First order for 802.16e-capable solution from Tier 1 carrier.
• Demonstrated 802.16-e mobile WiMAX base station interoperability with various mobile WiMAX devices.

“We are pleased with our progress in Q2," said Tzvika Friedman, president and CEO of Alvarion. "We achieved our major objectives and exceeded several of our targets for Q2. Our revenue growth and high gross margin, combined with our success in reducing operational losses in the cellular mobile unit, enabled us to reach breakeven EPS on a non-GAAP basis. We are committed to profitability and generating cash, and this quarter represents solid progress.”

“Alvarion continues to lead the industry in the adoption of WiMAX," continued Friedman. “In Q2, WiMAX solutions contributed $17 million, about 33% of total revenue. Among our more than 70 commercial deployments are some of the largest and most successful anywhere in the world. We are pleased to see several satisfied customers expanding their networks for the second or third time, as new customers begin commercial deployment with smaller purchases, mostly of infrastructure.”

The company's revenue guidance for Q3 2006 is $50 million to $54 million. At this revenue range, non-GAAP per share results are expected to range between $0.01 and $0.02, GAAP per share results are expected to range between $0.03 and $0.06.