Key Developments: Ikanos Communications Inc (IKAN.OQ)

IKAN.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Ikanos Communications Inc gives Q4 2014 revenue and net loss below analysts' estimates; EPS in line with analysts' estimates
Thursday, 30 Oct 2014 04:06pm EDT 

Ikanos Communications Inc:Expects Q4 2014 revenue to be between $10.0 million and $12.0 million.Expects Q4 2014 GAAP net loss to be in the range of approximately $(8.5) million to $(10.7) million, or a GAAP loss per share of $(0.06) to $(0.08).Expects Q4 2014 Non-GAAP net loss is expected to be in the range of approximately $(7.4) million to $(9.6) million, or a non-GAAP loss per share of $(0.05) to $(0.07).Q4 2014 revenue of $13.6 million, net income of $(6.9)million and EPS of $(0.06) - Thomson Reuters I/B/E/S.  Full Article

FiberHome Selects Ikanos Communications's Velocity-3 Chipset
Wednesday, 15 Oct 2014 09:00am EDT 

Ikanos Communications Inc:Says FiberHome has adopted its Velocity-3 vectoring chipsets to drive higher data rates as a key differentiating feature in its suite of high-performance MSAN/MDUs.  Full Article

Ikanos Communications Inc announces financing plan
Monday, 29 Sep 2014 09:00am EDT 

Ikanos Communications Inc:Says its investor, Tallwood Venture Capital, and Alcatel-Lucent are purchasing $11.25 mln and $5.0 mln, or about 27.4 mln and 12.2 mln shares, of its common stock, respectively, at $0.41 per share for aggregate gross proceeds of $16.25 mln.Says Alcatel-Lucent has committed to loan the company up to $10.0 mln.Says Tallwood has agreed to purchase an additional $11.25 mln of common stock at the same per share price (the Standby Agreement).Says Alcatel-Lucent has entered into a collaboration with Ikanos on the development of ultra-broadband products.Says it intends to use the net proceeds from the new financing for working capital and general corporate purposes and for capital expenditures.  Full Article

Ikanos Communications Inc and Sumitomo Electric partner to extend high-speed broadband to demanding commercial applications
Monday, 15 Sep 2014 09:00am EDT 

Ikanos Communications Inc:Says its access and gateway chipsets, including the Fusiv gateway processor, will provide the enabling architecture for Sumitomo Electric's high-speed broadband networks throughout many of the company's service areas in Japan.Sumitomo Electric will deploy the chipsets in its central office equipment and gateways designed to extend broadband service into commercial venues, such as golf courses, hotels, hospitals, schools and other institutions in which broadband service is required.  Full Article

Ikanos Communications Inc gives Q3 2014 guidance in line with analysts' estimates
Thursday, 31 Jul 2014 04:12pm EDT 

Ikanos Communications Inc:Expects Q3 2014 revenue to be between $11.0 million and $13.0 million.Expects Q3 2014 GAAP net loss to be in the range of about $(8.3) million to $(10.5) million, or a GAAP loss per share of $(0.08) to $(0.11).Expects Q3 2014 non-GAAP net loss to be in the range of about $(7.2) million to $(9.4) million, or a non-GAAP loss per share of $(0.07) to $(0.09).Q3 2014 revenue of $13 million, net income of $(8.2) million and EPS of $(0.09) - Thomson Reuters I/B/E/S.  Full Article

Ikanos Communications Inc gives Q2 2014 guidance below analysts' estimates
Tuesday, 29 Apr 2014 04:06pm EDT 

Ikanos Communications Inc:Expects Q2 2014 revenue to be between $11 million and $13 million.Expects Q2 2014 GAAP net loss to be in the range of about $(11.6) million to $(13.7) million, or a GAAP loss per share of $(0.12) to $(0.14).Expects Q2 2014 non-GAAP net loss to be in the range of about $(10.4) million to $(12.6) million, or a non-GAAP loss per share of $(0.11) to $(0.13).Q2 2014 revenue of $16 million, net income of $(8.0) million and EPS of $(0.05) - Thomson Reuters I/B/E/S.  Full Article

Ikanos Communications Inc announces auditor change - Form 8-K
Wednesday, 12 Mar 2014 04:32pm EDT 

Ikanos Communications Inc:Says on March 7, the board decided not to renew the engagement of PricewaterhouseCoopers LLP (PwC) and therefore has dismissed PwC as independent registered public accounting firm, effective immediately.Says on March 7, it approved the engagement of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending Dec 28, effective immediately.  Full Article

Ikanos Communications Inc gives Q1 2014 guidance below analysts' estimates
Thursday, 30 Jan 2014 04:12pm EST 

Ikanos Communications Inc:Expects Q1 2014 revenue to be between $14 million and $16 million.Expects Q1 2014 GAAP net loss to be in the range of about $(9.0) million to $(11.3) million, or a GAAP loss per share of $(0.09) to $(0.11).Expects Q1 2014 Non-GAAP net loss to be in the range of about $(8.0) million to $(10.3) million, or a non-GAAP loss per share of $(0.08) to $(0.10).Q1 2014 revenue of $19 million, net income of $(7.0) million and EPS of $(0.07) - Thomson Reuters I/B/E/S.  Full Article

Ikanos Communications Inc Announces Closing of Public Offering of Common Stock
Thursday, 14 Nov 2013 09:25am EST 

Ikanos Communications Inc announced the closing of its underwritten public offering of 25,000,000 shares of its common stock at a price to the public of $1.00 per share on November 13, 2013. The net proceeds to the Company from the offering are approximately $22.7 million, after deducting the underwriting discount and estimated offering expenses.  Full Article

Ikanos Communications Inc Prices Underwritten Public Offering of Common Stock
Thursday, 7 Nov 2013 06:30am EST 

Ikanos Communications Inc announced the pricing of an underwritten public offering of 25,000,000 shares of its common stock at a price to the public of $1.00 per share. Ikanos has also granted the underwriters an option to purchase up to 3,750,000 additional shares of its common stock to cover over-allotments, if any. After deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $22.7 million, assuming no exercise of the over-allotment. The offering is expected to close on November 13, 2013, subject to customary closing conditions. Needham & Company, LLC is acting as the sole book-running manager of the offering. Craig-Hallum Capital Group is acting as co-manager. Ikanos intends to use the net proceeds from the offering for working capital and general corporate purposes and for capital expenditures. In addition, Ikanos may use a portion of the net proceeds for acquisitions of complementary businesses, technologies or other assets.  Full Article

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