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Earnings Calls: 
Bookham Third Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 3:20 PM EDT May 07 2007

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The provider of optical components, modules and subsystems added that revenue from customers other than Nortel was $41.9 million, unchanged sequentially and up 43% from a year ago. For the fourth quarter, excluding restructuring and other non-recurring charges, Bookham expects revenue in the range of $43 million to $47 million, non-GAAP gross margin between 12% and 16% and adjusted EBITDA of approximately negative $8 million to negative $12 million.

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Mike Ethan (Merriman): Do you still perceive being EBITDA breakeven by yearend?

Peter Bordui: We have said that what we think is required from a revenue point of view to get EBITDA breakeven. We expect some pretty strong sequential revenue growth in the second half of the year but as for giving precise timing of when we expect that to happen, we are not prepared to do that right now.
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