Tollgrade Communications Q3 gross profit declines
Published:29-October-2008
By Wilson Joseph
Tollgrade Communications has reported gross profit of $8.2 million for the third quarter 2008, compared to $10.9 million in the third quarter 2007. As a percentage of sales, gross profit was 53.9% in the third quarter 2008, compared to 53.2% in the same period of 2007.
The company has reported revenue of $15.2 million and GAAP earnings per share of $0.07 for the third quarter ended September 27, 2008. In comparison, revenue and GAAP earnings per share for the third quarter ended September 29, 2007 were $20.6 million and $0.11, respectively.
The company has reported has reported revenue of $42.98 million and GAAP loss per share of $0.44 for the nine months ended September 27, 2008. In comparison, revenue and GAAP earnings per share for the nine months ended September 29, 2007 were $47.8 million and $0.11, respectively.
Gross profit for the first nine months of 2008 was $18.05 million, compared to $25.76 million in the same period of 2007.
Joseph Ferrara, president and CEO of Tollgrade, said: "Operating results for the third quarter exceeded revenue expectations and, for the first time this year, we achieved profitability. Contributions from our service application software solutions continue to be a growing source of our overall revenue."
Tollgrade Communications is a supplier of service assurance products for centralized test systems around the world. It designs, engineers, markets and supports centralized test systems, test access and status monitoring products, and assurance technologies.
