Xten (NASDAQ:XNWK)
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Xten Networks, Inc. Announces Filing of Quarterly Report
SANTA CLARA, CA, Dec. 6 /PRNewswire-FirstCall/ -- Xten (OTCBB: XNWK), a
provider of VoIP (Voice over IP), Video over IP, Instant Messaging, and
Presence SIP softphones, today reported record revenues for the quarter ended
October 31, 2004 of $677,364 compared to $487,151 for the quarter ended July
31, 2004, a 39% revenue increase quarter-over-quarter.
Financial Highlights for the Second Quarter 2005
- Increase of revenue by 583% to $677,364 (Q2 2004: $116,014)
- Net loss of $198,275 (Q2 2004: $25,938)
Financial Highlights for the First Six Months 2005
- Increase of revenue by 347% to $1,164,515 (6M 2004: $335,036)
- Net loss of $397,932 (6M 2004: $54,904)
The Company's Quarterly Report on Form 10-QSB including consolidated balance
sheet and statement of operations for the second quarter of fiscal 2005 - the
three month period ended October 31, 2004 - was filed and is available for
viewing at http://www.sec.gov/.
"Our performance of the recent quarter is in line with our expectations for the
upcoming year, both financially and strategically," said Mark Bruk, chief
executive officer of Xten Networks, Inc. "Our established products continued to
perform very well during the quarter and we are experiencing significant
interest in our latest product release, eyeBeam. With product now in over 20
countries we expect that we can continue to increase our market share," added
Bruk.
About Xten Networks, Inc.
Xten is a developer of award-winning, high-quality, carrier-grade VoIP (Voice
over IP) and Video over IP SIP softphones for service providers, cable
operators, Internet telephony service providers, IP PBX manufacturers and OEMs.
Xten has a feature-rich FREE SIP softphone dubbed X-Lite, in addition to the
fully featured X-PRO commercial softphone and eyeBeam, a SIP Video over IP
softphone. Through its deployments with leading service providers, Xten has
more than 500,000 IP endpoints deployed worldwide. For more information please
visit http://www.xten.com/. You may also visit Xten COO, Erik Lagerway's blog
at http://www.sipthat.com/.
For more information, contact:
Investor Relations Public Relations
Mark Bruk Justin Siefert
Xten Networks, Inc. Calysto Communications
408.876.4344 404.266.2060 x20
DATASOURCE: Xten Networks Inc.
CONTACT: Investor Relations, Mark Bruk, Xten Networks, Inc.,
(408) 876-4344, ; Public Relations, Justin Siefert, Calysto
Communications, (404) 266-2060 x20,