Elastic Networks Inc. Reports 2001 Second Quarter Results.

Business WireJuly 26, 2001

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Elastic Networks Inc. Reports 2001 Second Quarter Results.

Business Editors

ALPHARETTA, Ga.--(BUSINESS WIRE)--July 26, 2001

Elastic Networks Inc. (NASDAQ: ELAS) today reported results for the second quarter ended June 30, 2001.

In the second quarter, the Company reported revenues of $8.0 million compared to revenues of $5.6 million for the first quarter ended March 31, 2001. Revenues for the second quarter ended June 30, 2000 were $8.5 million. The pro forma net loss for the quarter ended June 30, 2001 was $(6.7) million or $(0.21) per share, excluding non-cash stock based compensation expens...

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