MRV Communications (MRVC) Reports Q2 Loss of $0.19

MRV Communications (NASDAQ: MRVC) reported Q2 EPS of ($0.19), versus ($0.11) reported last year. Revenue for the quarter came in at $21.6 million, versus $24.5 million reported last year.

“Second quarter 2016 packet and optical revenue grew 19% sequentially, demonstrating our strong progress executing our go-to-market strategy,” stated MRV President and CEO Mark Bonney. “We remain focused exclusively on solutions for the Metro, expanding our relationships with Tier 1 customers while targeting new regional service providers and carrier neutral providers in the data center market that are not as well served by larger competitors. As a result, we are gaining momentum across our strategic product portfolio. Our bookings increased for the third consecutive quarter in the Americas, and total bookings reached their highest levels since late 2013 for both our Carrier Ethernet and optical transport solutions globally. Also, orders for our 100G products for the first half of 2016 have already equaled those from all of 2015. Furthering our transition to our next generation solutions, we introduced OptiDriver® and OptiSwitch® product line extensions this quarter. Combined, these factors fuel our confidence as we look forward.”

For earnings history and earnings-related data on MRV Communications (MRVC) click here.

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