posted 07-16-2000 07:24 PM           

......Bellevue Washington, July 10, 2000 - Airspan Networks Inc., a provider of fixed wireless telecommunications, reported record revenue of $6.9 million for the quarter ended July 2, 2000, up 228% from the second quarter 1999 and 21% from the first quarter 2000. Higher sales were driven by shipments to customers in Europe and in Asia. Gross margin for the quarter was 35%. The company recorded research and development expenses of $4.2 million, sales and marketing expenses of $3.4 million, and general and administration expenses of $2.1 million, while operating loss and net loss were $7.4 million and $7.0 million, respectively, for the three month period ended July 2, 2000.

For the six month period ended July 2, 2000 revenue totalled $12.5 million, a 269% increase from the corresponding 1999 period, while gross margin was 36%. Research and development expenses were $8.4 million, sales and marketing expenses were $6.5 million and general and administration expenses were $4.3 million, while operating loss and net loss aggregated $15.1 million and $14.1million, respectively, for the six month period.

posted 07-16-2000 07:23 PM           

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Originally posted by Mayor of Investorville:
Airspan Networks makes fixed wireless communications systems that let service providers set up voice and data networks more quickly than traditional wireline networks. The systems, based on the CDMA transmission standard, consist of customer-premises antennas and terminals, and base stations that are backhauled into the providers' network. The company also makes network planning, configuration, and management products. Airspan, which outsources the manufacture of its products to Flextronics, sells directly and through manufacturers and resellers; customers in Europe account for 42% of sales. The company plans to raise $65 million but an IPO date hasn't been set yet. (source: SEC filing)

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