Financials

The acquisition of Dasan Network Solutions, Inc. (“DNS”) by the Company on September 9, 2016 (the “Merger”) has been accounted for as a reverse acquisition under which DNS was considered the accounting acquirer of the Company. As a result, the financial results of the Company following the Merger reflect the operating results of DNS and its consolidated subsidiaries for all periods through September 8, 2016, and the operating results of the combined company for all periods commencing on or after September 9, 2016.

 

Key Figures

3/31/17
Revenue: $53,074
Gross Margin: $18,190
Operating Expenses: $20,378
Cash Balance: $17,288
12/31/16
Revenue: $59,447
Gross Margin: $18,458
Operating Expenses: $20,278
Cash Balance: $17,893
9/30/16
Revenue: $32,080
Gross Margin: $9,519
Operating Expenses: $14,419
Cash Balance: $33,563
6/30/16
Revenue: $34,791
Gross Margin: $9,204
Operating Expenses: $9,303
Cash Balance: $8,939
3/31/16
Revenue: $25,793
Gross Margin: $5,076
Operating Expenses: $9,096
Cash Balance: $3,269
* Three Months Ended (In Thousands)

Financial Results