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Article Excerpt
FREMONT, Calif. -- Centillium Communications, Inc. (Nasdaq:CTLM), a leading provider of broadband access solutions, today announced financial results for the third quarter ended Sept. 30, 2005.
Net revenues in the third quarter of 2005 were $20.0 million, compared with net revenues of $18.6 million in the second quarter of 2005. The gross margin in the third quarter of 2005 was 56.5 percent, compared with 48.7 percent in the prior quarter.
The net loss in the third quarter of 2005 was $822,000, or $0.02 per share, compared with a net loss of $3.7 million, or $0.10 per share, in the second quarter of 2005.
"During the third quarter, we increased our revenues, improved our gross margin and reduced our expenses compared with the second quarter. As a result, we narrowed our net loss significantly," said Faraj Aalaei, co-founder and CEO of Centillium. "In addition to this drive towards profitability, we continued to make progress in our geographic and product diversification. The third quarter revenues from our customers outside of Japan increased to 45% of total revenues and non-DSL revenues increased to 27% of total revenues.
"We announced during the third...
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