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|J. Scott Kamsler||Deborah Stapleton|
|Centillium Communications, Inc.||Stapleton Communications|
|[email protected]||[email protected]|
Centillium Communications Announces Fourth Quarter And 2004 Financial Results
Revenues in the fourth quarter were $16.4 million, compared with revenues of $20.4 million in the third quarter of 2004. The net loss in the fourth quarter of 2004 was $11.8 million, or a net loss of $0.30 per share, compared with a net loss of $7.6 million, or a net loss of $0.20 per share, in the third quarter of 2004. The fourth quarter net loss includes $1.3 million in costs related to a workforce reduction and $1.4 million in costs for early termination of a license for software development tools.
For the year ended
“Centillium is firmly committed to
reaching profitability, and we have taken concrete steps to achieve this
“We continued to diversify our
business within broadband access to other technologies and geographies in 2004,”
said Aalaei. “In 2005, we will focus on growing our DSL business outside of
“During the fourth quarter, revenues
from the non-Japanese side of our DSL business increased compared with the
prior quarter. We continue to see
interest from service providers worldwide for our ADSL2+ technology, and we are
making solid progress in
“In our Optical business, we continued to make progress in the growing Fiber-to-the-Premises (FTTP) market with increased customer traction. We believe that we are the only vendor offering a full line of end-to-end Gigabit Ethernet Passive Optical Networks (GEPON) solutions, and we intend to become one of the major players in the GEPON market,” said Aalaei.
At the January Consumer Electronics Show, Uniden America Corporation unveiled its new 5.8GHz digital expandable corded/cordless phone with built-in VoIP capability, powered by Centillium’s Voice Services Platform (VSP). In the third quarter, Centillium and Uniden announced a strategic relationship for the development and delivery of consumer and small-office/home-office VoIP products, powered by Centillium’s VSP and developed in partnership with AT&T. In addition, Centillium’s VSP was selected Internet Telephony magazine’s Product-of-the-Year for 2004.
A conference call discussing the fourth quarter and 2004 financial results will follow this release at
Pacific time/5:00 p.m. Eastern time. To listen to the call, please dial (312) 470-0008, pass code: Centillium. A replay will be made available approximately one hour after the conclusion of the call and will remain available for approximately two weeks. To access the replay, dial (203) 369-0797. The conference call will also be webcast over the Internet; visit the Investor Relations section of the Centillium Communications website at www.centillium.com to access the call from the website. This webcast will be recorded and available for replay on the Centillium website approximately two hours after the conclusion of the conference call for approximately two weeks.
About Centillium Communications
Centillium Communications, Inc. is a leading provider of broadband
access solutions with innovative systems-level products for the consumer,
enterprise and service provider markets.
The company’s high-performance and cost-effective infrastructure and
service enabler products give its customers the winning edge in broadband access. Centillium Communications’ products include
digital and mixed-signal integrated circuits and related hardware and software
applications for Digital Subscriber Line (DSL) and Optical Networking equipment
deployed in central offices and customer premises and Voice-over-Internet
Protocol (VoIP) products for carrier- and enterprise-class gateways and
consumer telephony. The Centillium
Communications headquarters are located at
Forward Looking Statements
Except for statements of historical fact, this press release includes statements that are forward-looking statements within the meaning of U.S. Federal securities laws. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including without limitation the risks and uncertainties relating to the rate and breadth of deployment of broadband access in
general, especially DSL, Fiber-to-the-Premises and VoIP technologies, and Centillium’s technology solutions in particular; the successful development and market acceptance of Centillium’s new products and technology; Centillium’s dependence on a few significant customers for a substantial portion of its revenue; Centillium’s ability to continue and expand on its relationships with new customers; the timing, rescheduling or cancellation of significant customer orders and Centillium’s ability, as well as the ability of its customers, to manage inventory; Centillium’s ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost-effective and timely manner; competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of Centillium’s products; the timing of customer-industry qualification and certification of Centillium’s products and the risks of non-qualification or non-certification; Centillium’s ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; changes in Centillium’s product or customer mix; the satisfactory completion of the audits of Centillium’s financial statements and systems of internal control; intellectual property disputes and customer indemnification claims and other types of litigation risk; the effectiveness of Centillium’s expense and product cost control and reduction efforts; and Centillium’s ability to attract, retain and motivate qualified personnel, including executive officers and other key management and technical personnel. Centillium undertakes no obligation to update forward-looking statements for any reason. Information about potential factors that could affect Centillium’s financial results is included in Centillium’s Annual Report on Form 10-K and in other documents on file with the Securities and Exchange Commission.
Centillium Communications and the
Centillium Logo are trademarks of
- Summary Financial Data Attached -
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