ARRIS to Acquire Pace plc for $2.1 Billion in Stock and Cash

Acquisition is expected to generate significant earnings accretion for ARRIS

SUWANEE, Ga. and SALTAIRE, UK, April 22, 2015  -- ARRIS Group, Inc. (ARRS), a global innovator in broadband media technology, and Pace plc. (PIC.L) today jointly announced that they have agreed that ARRIS will acquire Pace for aggregate stock and cash consideration of US$2.1 billion (£1.4 billion). The acquisition is expected to be accretive to ARRIS Non-GAAP earnings per share in the first 12 months following the acquisition.

Key benefits of the transaction:                             

Zhone Technologies Reports First Quarter 2015 Financial Results

Zhone Technologies, Inc. (ZHNE), a global leader in the fiber access market, today reported its financial results for the quarter ended March 31, 2015.

Revenue for the first quarter of 2015 was $27.1 million, compared to $30.1 million for the fourth quarter of 2014 and $28.6 million for the first quarter of 2014. Net loss for the first quarter of 2015, calculated in accordance with generally accepted accounting principles (“GAAP”), was $0.6 million or $0.02 per share compared with net loss of $2.1 million or $0.06 per share for the fourth quarter of 2014 and net income of $0.3 million or $0.01 per share for the first quarter of 2014. Adjusted earnings before stock-based compensation, interest, taxes, and depreciation (“adjusted EBITDA”) was an adjusted EBITDA loss of $0.1 million for the first quarter of 2015, compared to an adjusted EBITDA loss of $1.7 million for the fourth quarter of 2014 and an adjusted EBITDA profit of $0.5 million for the first quarter of 2014.

Published: 22 April 2015
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Envivio Reports Fourth Quarter Fiscal 2015 Financial Results

Q4 Revenue Was $12.7 Million, up 42% Sequentially, Company Expanded Customer Base at Several Tier 1 Customers

SOUTH SAN FRANCISCO, CA--(March 19, 2015) - Envivio, Inc. (ENVI), a leading provider of software-based video processing and delivery solutions, today announced financial results for the fourth quarter and fiscal year 2015 ending January 31, 2015.

Financial Highlights

  • Revenue for the fourth quarter of fiscal 2015 was $12.7 million, compared with $9.0 million in the third quarter of fiscal 2015 and $12.5 million in the fourth quarter of fiscal 2014. Revenue for fiscal year 2015 was $41.6 million, compared with $43.2 million in fiscal 2014.
    Published: 20 March 2015
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InfoSonics Reports Fourth Quarter and Full Year 2014 Results

Fourth Quarter Net Income of $0.05 Per Share and Full Year Profitability

SAN DIEGO, March 4, 2015  -- InfoSonics Corporation (IFON), the provider of verykool® wireless handset solutions and tablets, today announced results for its fourth quarter and year ended December 31, 2014.

"We are very pleased to report strong results in our fourth quarter in terms of both revenue and earnings," said Joseph Ram, president and CEO of InfoSonics.  "Our efforts to diversify our customer base into the retail segment are finally paying off.  Fourth quarter revenues increased 51% over the same quarter last year and resulted in 27% sales growth for the year as a whole.  Strong bottom line profitability in the fourth quarter also drove profitability for the full 2014 year. 

Published: 04 March 2015
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Ubiquiti Networks Reports Second Quarter Fiscal 2015 Financial Results

~ Achieves Solid Revenue and Earnings ~
~ Posts Non-GAAP EPS of $0.53 Per Diluted Share ~

SAN JOSE, Calif., Feb. 5, 2015 -- Ubiquiti Networks, Inc. (UBNT) ("Ubiquiti") today announced results for the second fiscal quarter of 2015, ended December 31, 2014.

Second Quarter Financial Summary

  • Revenues of $153.1 million, up 11% year-over-year
  • GAAP operating profit of $50.7 million, up 8% year-over-year
  • GAAP net income of $46.3 million, up 11% year-over-year
Published: 06 February 2015
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