Needham & Company Remains Bullish on Ikanos Communications (IKAN) While Lowering Price Target
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Ikanos Communications Announces Results for First Quarter 2015
May 4, 2015 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 05/04/15 -- Ikanos Communications, Inc. (NASDAQ: IKAN)
First Quarter Highlights
Revenue of $10.2 million GAAP net loss of $(12.0) million, or $(0.77) per share Ending cash and cash equivalents of $13.0 millionIkanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the connected home, today announced its financial results for the first quarter of 2015, ended March 29, 2015.
"First quarter revenue was $10.2 million, with a GAAP gross profit of 49%,... More
