Home / Financial Report / Powerwave Releases Financial Stats, Sees Growth

Powerwave Releases Financial Stats, Sees Growth

Powerwave Technologies (Nasdaq: PWAV) released preliminary financial results for the fourth quarter ended Jan. 2, 2011.

The firm reported net sales in the fourth quarter of fiscal 2010 worth $175.6 million, compared with $142.6 million during the same timeframe in fiscal 2009.  Total revenue for fiscal 2010 was $591.5 million compared with $567.5 million for fiscal 2009.

“For the fourth quarter of 2010, we were able to show growth of 23 percent over the same period last year and 12 percent sequentially over the third quarter of this year, ” CEO Ronald Buschur said. “More importantly, we were able to continue our improvements in our operating income for this year, with the added benefit of demonstrating strong profitability on both a GAAP and pro forma basis for the fourth quarter and year results.”

Check Also

F5 to Buy Shape Security for $1B; Francois Locoh-Donou Quoted

F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.

Paratek Secures $169M Anthrax Antibiotic Development Contract Under HHS Project BioShield

The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.