Airspan Networks Announces Second Quarter Financial Results.

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Airspan Networks Announces Second Quarter Financial Results.

Business/High Tech Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 6, 2002

Airspan Networks Inc. (Nasdaq:AIRN) today announced financial results for the fiscal second quarter ended June 30, 2002.

Revenue for the quarter totalled $2.6 million versus $8.6 million recorded in the second quarter of 2001. Gross profit, excluding the inventory provision taken in the quarter, was $0.5 million or 18.3 percent, versus $2.9 million, or 34.1 percent of revenue in the corresponding prior year quarter. Net loss for the quar...

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