Wednesday, July 12, 2017 4:00:13 AM
I just read their financial report from the first quarter - some extracts.
Revenue Total product revenue decreased by $69.0 million , or 32% , during the three months ended April 1, 2017 compared to the corresponding period in 2016. The decrease was primarily attributable to changes in certain large customers’ buying patterns, a slowdown in customer spend as we transition to our next-generation of products, and the effects of customer consolidation on pricing, product mix and demand. Total services revenue decreased by $0.3 million , or 1% , during the three months ended April 1, 2017 compared to the corresponding period in 2016. The decrease was attributable to fewer network deployments during the period, positively offset by continued growth in on-going support services. We currently expect that total revenue will grow marginally in the second quarter of 2017, as compared to the first quarter of 2017, driven by opportunities with wholesale and enterprise carriers, ICPs and cable customers. Growth opportunities over the next few quarters will be largely dependent on the introduction and acceptance of our new products. This will likely be impacted by spending from multiple long-haul customers remaining slow and our metro opportunity still in its early phases.
and
We currently expect that gross margin in the second quarter of 2017 will be relatively flat as compared to the first quarter of 2017. We anticipate that the challenges we faced during the first quarter of 2017 will continue to exist until our next-generation products come to market.
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