Last $3.31 USD
Change Today +0.01 / 0.30%
Volume 12.8K
As of 4:00 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ikanos communications inc (IKAN) Key Developments

Ikanos Communications, Inc. Approves Amendment to Restated Certificate of Incorporation

Ikanos Communications, Inc. announced at a special meeting of stockholders held on February 11, 2015, stockholders approved an amendment to the company's Restated Certificate of Incorporation and the authorization of the company's Board of Directors to select and file, in its discretion, one such amendment to effect a reverse stock split of the company's common stock at a ratio in the range of one-for-five (1:5) to one-for-ten (1:10), with such ratio to be determined in the discretion of the Board.

Ikanos Communications, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 28, 2014; Provides Earnings Guidance for the First Quarter of 2015

Ikanos Communications, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 28, 2014. For the quarter, the company reported revenue of $11,517,000 compared to $17,582,000 a year ago. Loss from operations was $10,050,000 compared to $8,316,000 a year ago. Loss before income taxes was $10,289,000 compared to $8,387,000 a year ago. Net loss was $10,410,000 or $0.07 per basic and diluted share compared to $8,633,000 or $0.10 per basic and diluted share a year ago. Adjusted loss from operations was $8,942,000 compared to $7,273,000 a year ago. Adjusted loss before income taxes was $9,181,000 compared to $7,344,000 a year ago. Adjusted net loss was $9,302,000 or $0.07 per basic and diluted share compared to $7,590,000 or $0.09 per basic and diluted share a year ago. For the year, the company reported revenue of $48,364,000 compared to $79,749,000 a year ago. Loss from operations was $42,473,000 compared to $29,220,000 a year ago. Loss before income taxes was $42,719,000 compared to $29,798,000 a year ago. Net loss was $43,325,000 or $0.40 per basic and diluted share compared to $30,387,000 or $0.41 per basic and diluted share a year ago. Adjusted loss from operations was $38,214,000 compared to $24,836,000 a year ago. Adjusted loss before income taxes was $38,460,000 compared to $25,414,000 a year ago. Adjusted net loss was $39,066,000 or $0.36 per basic and diluted share compared to $26,003,000 or $0.35 per basic and diluted share a year ago. Revenue is expected to be between $10.0 million and $12.0 million for the first quarter of 2015. GAAP gross profit for the first quarter of 2015 is expected to be between 46% and 48%. Non-GAAP gross profit is expected to be between 47% and 49% for the first quarter of 2015. GAAP operating expenses for the first quarter of 2015 are expected to be in the range of $15.5 million to $16.5 million. Non-GAAP operating expenses are expected to be in the range of $14.5 million to $15.5 million for the first quarter of 2015. GAAP net loss for the first quarter of 2015 is expected to be in the range of approximately $(9.9) million to $(12.1) million, or a GAAP loss per share of $(0.07) to $(0.09). Non-GAAP net loss is expected to be in the range of approximately $(8.8) million to $(11.0) million, or a non-GAAP loss per share of $(0.06) to $(0.08).

Ikanos Communications, Inc. Proposes Amendments to Certificate of Incorporation

Ikanos Communications, Inc. announced that at the special meeting of stockholders to be held on February 11, 2015, the company will propose an amendment of Restated Certificate of Incorporation to effect a reverse stock split of common stock at a ratio determined by the Board of Directors.

Ikanos Communications, Inc., Special/Extraordinary Shareholders Meeting, Feb 11, 2015

Ikanos Communications, Inc., Special/Extraordinary Shareholders Meeting, Feb 11, 2015., at 09:30 Pacific Standard Time. Location: Fremont Marriott Silicon Valley. Agenda: To approve an amendment of Restated Certificate of Incorporation to effect a reverse stock split of common stock at a ratio determined by the Board of Directors; and to approve the adjournment or postponement of the Special Meeting, if necessary, for, among other reasons, the solicitation of additional proxies in the event there are not sufficient votes at the time of the Special Meeting to approve the proposal set out in this proxy statement.

Ikanos Communications, Inc. Reaffirms Earnings Guidance for Fiscal Fourth Quarter Ended December 28, 2014 and Provides Earnings Guidance for First Quarter Ending March 29, 2015

Ikanos Communications, Inc. Reaffirms earnings guidance for its fiscal fourth quarter ended December 28, 2014 and guidance for its first quarter ending March 29, 2015. For fourth quarter total revenue is expected to be approximately $11.5 million, which is within the company's previously provided revenue guidance range for the quarter of $10 million to $12 million, and a sequential increase from $11.1 million reported for the third quarter of 2014. GAAP gross profit margin for the fiscal 2014 fourth quarter is expected to be approximately 49%, which is above the Company's previously provided gross profit margin guidance range for the quarter of 46% to 48%, and up from 44% reported in the fiscal third quarter of 2014. For 2015 First Quarter the Company's total revenue is expected to be between $10 million and $12 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IKAN:US $3.31 USD +0.01

IKAN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Infineon Technologies AG €10.30 EUR -0.147
Marvell Technology Group Ltd $16.12 USD +0.02
MediaTek Inc 473.00 TWD -0.50
PMC-Sierra Inc $9.50 USD +0.05
Realtek Semiconductor Corp 98.40 TWD -0.80
View Industry Companies
 

Industry Analysis

IKAN

Industry Average

Valuation IKAN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact IKANOS COMMUNICATIONS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.