Optium Announces Preliminary Fourth Quarter Fiscal 2007 Results
Monday, July 30th, 2007HORSHAM, Pa., July 30, 2007 (PRIME NEWSWIRE) — Optium Corporation (Nasdaq:OPTM), a leading supplier of high-performance optical subsystems, today announced that based on preliminary financial information, it expects revenue for its fourth fiscal 2007 quarter ended July 28 to be in the range of approximately $26.0 million to $26.5 million. In addition, Optium expects to generate a net loss for the quarter. As the fourth quarter has only recently ended, an estimated net loss per share amount is not available at this time. The net loss per share amount will be driven by lower than expected revenue, lower than expected shipments of higher margin products, as well as underabsorption of manufacturing overhead and potential provisions for inventory reserves resulting from the lower than expected revenue. Optium also announced that its four top ten percent or greater end customers for fiscal 2007 were Scientific Atlanta/Cisco, Ericsson, Alcatel Lucent and Tellabs.