Businessweek

Ikanos Communications, Inc. announced that Stu Krometis has joined the company as its new vice president of sales. Mr. Krometis will report to Omid Tahernia, president and CEO, and will lead the company's global sales and applications engineering teams. Krometis joins Ikanos from Cavium, where he led all sales activities in the Asia-Pacific region as vice president of APAC sales.

Ikanos Communications, Inc. reported successful completion of early OEM and carrier lab trials, as well as its first design win, for its innovative Velocity-3 NodeScale(TM) Vectoring VDSL chipset. Ikanos' central office reference platform leverages the high performance of Velocity-3 to deliver an unparalleled data rate of 110Mbps up to 500 meters across all its 192 ports, ushering in the first copper-based technology proven to offer customers scalable next-generation broadband services. This reference platform can also be configured as a "2x192" design in a single, integrated system providing 384 ports offering sustained 110Mbps data rates on each port, another first-in-industry solution that allows telcos to speed delivery of high-bandwidth service and applications, all in a small-footprint, low-cost, and quick-to-deploy architecture. The fully integrated Ikanos Velocity-3 vectoring chipset for both line card and vectoring card provides the first broadband architecture capable of ensuring SLA-backed broadband services at 110Mbps and above -- or 200Mbps and above for a bonded VDSL pair. While lowering the costs of provisioning high-bandwidth service and applications, the chipset also reduces the cost and complexity of deployment. Thanks to its highly integrated architecture, Velocity-3 requires no external FPGAs or processors, greatly simplifying integration with other system components, lowering overall system cost, reducing power, reducing footprint, and lowering deployment costs.

Ikanos Communications, Inc. announced that its Vx185 chipset provides the processing power for Livebox Play, Orange's flagship triple-play service. The third-generation Livebox platform powered by Ikanos enables Orange to deliver high-speed Internet, Wi-Fi, and HD voice and video applications, bringing consumers a wide range of high-bandwidth services such as HD video, online gaming, and over-the-top (OTT) content on multiple screens, including mobile devices. The Fusiv Vx185 broadband processor is the core component of a next-generation residential gateway that enables Orange's new Livebox Play service, delivering high-speed DSL and fiber Internet access and triple-play services. The gateway includes dual-band 2.4 and 5 GHz Wi-Fi networking modules, allowing multiple mobile devices to stream high-bandwidth services such as HD video. It also offers HD voice processing, as well as superior connectivity with five gigabit Ethernet ports and two USB ports. The platform is also G.Vector capable and supports all of the benefits of the Ikanos Nodescale Vectoring solution. Offering this rich set of features, the Vx185-based gateway meets all the demands for connectivity, bandwidth, and services in the digital home. The requirements for gateways to support high-speed broadband services such as Livebox Play are growing rapidly in response to the booming worldwide adoption of mobile devices and consumer demand for rich digital content. According to AT&T, U.S. homes now have an average of 12 network-connected devices, such as tablets, laptops, interactive gaming consoles and smartphones, as well as smart TVs and even Internet-connected refrigerators. Supporting the ever-higher bandwidth demands of triple-play applications, the Vx185 offers industry-leading network processor performance, supporting differentiated features such as: Field-proven, carrier-grade voice DSP. Whereas most competing platforms support voice processing on the main network processor, the Ikanos solution preserves processor headroom for advanced services and applications. The fourth generation of the Ikanos Fusiv accelerator processor implementation enables bi-directional gigabit routing performance, while consuming less than 5% of the host application processor's resources. This acceleration architecture also enables high-performance, dual-band concurrent Wi-Fi (2.4GHz + 5.0GHz) for reliable Quality of Service (QoS) and optimal packet processing performance. Competitive solutions require an additional network processor to meet similar performance metrics. The Ikanos Vx185 solution enables seamless mixing of voice between standard VoIP lines and cordless headsets connected to an embedded Digital Enhanced Cordless Telephony (DECT) solution in the system.

Ikanos Communications, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. Revenue for the first quarter of 2013 was $26.2 million compared to revenue of $30.8 million for the first quarter of 2012 and revenue of $31.8 million for the fourth quarter of 2012. GAAP gross profit for the first quarter of 2013 was 53% compared to a GAAP gross profit of 52% for the first quarter of 2012 and GAAP gross profit of 48% for the fourth quarter of 2012. Non-GAAP gross profit for the first quarter of 2013 was 54% compared to a non-GAAP gross profit of 54% for the first quarter of 2012 and non-GAAP gross profit of 49% for the fourth quarter of 2012. GAAP net loss for the first quarter of 2013 was $4.4 million, or a loss of $0.06 per share. This compares with a net loss of $3.7 million, or a loss of $0.05 per share for the first quarter of 2012. Non-GAAP net loss for the first quarter of 2013 was $3.3 million, or a loss of $0.05 per share compared to a non-GAAP net loss of $1.2 million, or a loss of $0.02 per share for the first quarter of 2012. Loss from operations was $4.334 million against $3.665 million a year ago period. Loss before income taxes was $4.252 million against $3.590 million a year ago period. Non-GAAP loss from operations was $3.255 million against $1.154 million a year ago period. Non-GAAP loss before income taxes was $3.173 million against $1.079 million a year ago period. Revenue is expected to be between $19 million and $21 million for the fiscal second quarter of 2013. GAAP gross profit for the fiscal second quarter of 2013 is expected to be between 49% and 51%. Non-GAAP gross profit is expected to be between 50% and 52% for the second quarter of 2013. GAAP operating expenses for the fiscal second quarter of 2013 is expected to be in the range of $17.5 million to $18.5 million. On a Non-GAAP basis operating expenses are expected to be in the range of $16.5 million to $17.5 million for the second quarter of 2013. GAAP net loss for second quarter of 2013 is expected to be in the range of approximately $6.9 million to $9.3 million, or a GAAP loss per share of $0.10 to $0.13. Non-GAAP net loss is expected to be in the range of approximately $5.7 million to $8.1 million, or a non-GAAP loss per share of $0.08 to $0.11.

Ikanos Communications, Inc., Q1 2013 Earnings Call, Apr 25, 2013