This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Airvana Reports Preliminary First Quarter 2010 Financial Results

Airvana, Inc. (NASDAQ: AIRV), a leading provider of mobile broadband network infrastructure products, today announced preliminary financial results for the first quarter ending April 4, 2010.

Airvana expects that GAAP Revenue for the first quarter will be in a range of $2.5 million to $3.0 million, compared with $9 million for the first quarter of 2009. In addition, the Company expects first quarter 2010 Deferred Revenue to increase by $57 million to $60 million to $233 million to $236 million, from $176 million as of January 3, 2010.

Non-GAAP Product and Service Billings (“Billings”) are expected to be in the range of $60 million to $63 million, compared with Pro Forma Billings of $34 million in the first quarter of 2009. During the first quarter of 2010, Airvana has experienced stronger than anticipated demand for its EV-DO products, while shipments of its femtocell products have been slower than expected.

As previously disclosed, the Company’s principal EV-DO customer, Nortel Networks, Inc., entered bankruptcy proceedings in January 2009 as a result of which Telefon AB L.M. Ericsson acquired Nortel’s CDMA business in November 2009. The Company expects that approximately half of its Billings for the first quarter of 2010 will be attributable to shipments made by Ericsson to its customers in December 2009, following the acquisition from Nortel. Airvana has not changed its projection of $200 million in total Billings for full-year 2010, as set forth in its Proxy Statement dated March 11, 2010. Higher sales of EV-DO products are expected to be offset by continued weakness in sales of femtocell products, resulting in EV-DO sales accounting for a larger proportion of total Billings in 2010 than previously anticipated.

Separately, Airvana announced today that the Special Committee of the Board of Directors has determined not to modify in any respect or to withdraw its recommendation that the proposed merger with 72 Mobile Holdings, LLC, is fair to, advisable and in the best interest of the Company and its unaffiliated stockholders.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $109.50 0.00%
FB $92.47 0.00%
GOOG $639.16 0.00%
TSLA $226.72 0.00%
YHOO $32.37 0.00%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs