Procera Networks, Inc. (PKT)

[The Night Stalker]

Yes sir ive done about an hour worth of DD on this one, company is growing at a fast rate the PRs are very positive! the offering of shares is over. nice golden cross forming in the charts, trading very stable about to flirt its way and break MA200 at .536


-- Record revenue of $9.4 million; increased 108% year-over-year and 104%
sequentially
-- Seventh consecutive quarter of year-over-year revenue growth
-- Achieved profitability for the first time in Company's history
-- Closed two new major carrier contracts
FY'09 Key Highlights:


-- Grew full year revenue by 75% year over year to $20.1 million
-- Announced one of the largest DPI installations industry wide with a Tier
1 service provider for $10 million
-- Added over 160 new customers, including 6 new Tier 1 service providers
-- Selected by over 100 universities in 2009
"Fiscal year 2009 was a transformational year for Procera Networks as we established ourselves as a credible Tier 1 supplier," said James Brear, president and CEO of Procera. "Our record revenue for the year was driven by the increasing demand for our PacketLogic systems, while our disciplined approach to expense management allowed us to achieve profitability for the first time in Company history. As we enter 2010, we believe the momentum we are experiencing with Tier 1 service providers will lead to another year of revenue growth."

Total revenue for the fourth quarter of 2009 was $9.4 million, an increase of 108% from $4.5 million in the fourth quarter of 2008. For the fiscal year 2009, total revenue was $20.1 million, an increase of 75% from $11.5 million in fiscal year 2008.

The GAAP net income for the fourth quarter of 2009 was $877,000, or a net income of $0.01 per diluted share. This compares to a GAAP net loss of $2.7 million, or a net loss of $0.03 per diluted share, in the fourth quarter of 2008. The GAAP net loss for fiscal year 2009 was $7.4 million, or a net loss of $0.08 per diluted share. This compares to a GAAP net loss of $13.9 million, or a net loss of $0.18 per diluted share, in fiscal year 2008.

Non-GAAP net income for the fourth quarter of 2009 was $1.1 million, as compared to non-GAAP net loss of $1.6 million in the fourth quarter of 2008. Non-GAAP net loss for fiscal year 2009 was $2.8 million, as compared to non-GAAP net loss of $9.5 million in fiscal year 2008. For an explanation of Non-GAAP financial measures used in this release, and a reconciliation to comparable GAAP measures, please refer to Use of Non-GAAP Financial Information below.