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

9/30/17
Revenue: $66,438
Gross Margin: $22,073
Operating Expenses: $20,412
Cash Balance: $10,145
06/30/17
Revenue: $59,941
Gross Margin: $19,189
Operating Expenses: $19,992
Cash Balance: $9,902
3/31/17
Revenue: $52,112
Gross Margin: $17,792
Operating Expenses: $20,321
Cash Balance: $17,288
12/31/16
Revenue: $59,472
Gross Margin: $18,034
Operating Expenses: $21,463
Cash Balance: $17,893
9/30/16
Revenue: $31,240
Gross Margin: $9,300
Operating Expenses: $14,414
Cash Balance: $33,563
6/30/16
Revenue: $34,252
Gross Margin: $9,002
Operating Expenses: $9,167
Cash Balance: $8,200
3/31/16
Revenue: $25,340
Gross Margin: $4,611
Operating Expenses: $8,952
Cash Balance: $2,181
* Three Months Ended (In Thousands)

Financial Results