Broadband access vendor Occam Networks reported a net loss of $4.6 million for the fourth quarter of 2007, and a loss of $10.4 million for the year, while still increasing revenue about 10% for the full year. The company also said its chief financial officer is leaving the company in May, but did not further elaborate.
The report marks the end of a challenging year for Occam, in which the vendor had to restate earlier financial reports after accounting problems and some investors called for management changes as a result.
- see the press release at Fox Business.com
- Occam won a major supply deal from FairPoint Communications last month