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Proxim, Inc. Reports Record Revenue and Unit Shipments in Second Quarter 1995

Strategic Insights

— 1 min read

Proxim, Inc., a leading manufacturer of wireless communications technology, announced its financial results for the second quarter ended June 30, 1995. The company reported a 42 percent increase in revenue compared to the second quarter of 1994, and a 25 percent increase compared to the first quarter of 1995. Revenue for the six months ended June 30, 1995 was $7,565,000, representing a 35 percent increase compared to the same period in 1994. Net income for the second quarter of 1995 was $205,000, or $.03 per share, compared to net income of $325,000, or $.04 per share, for the second quarter of 1994.

Key Takeaways:

  • Revenue for the second quarter of 1995 was $4,202,000, representing a 42 percent increase compared to revenue of $2,959,000 for the second quarter of 1994.
  • Net income for the second quarter of 1995 was $205,000, or $.03 per share, compared to net income of $325,000, or $.04 per share, for the second quarter of 1994.
  • RangeLAN2 shipments represented 57% of total revenues in the second quarter.
  • The company established distribution and marketing relationships with key partners throughout the Asia-Pacific region, including NTT-Intelligent Technology, Matsushita Electric, and Kanematsu in Japan.
  • Proxim obtained RangeLAN2 product certifications in seven countries during the second quarter, bringing the total number of countries approving RangeLAN2 to fifteen.
  • The company received FCC approval for its new 2.4 GHz RangeLINK wireless remote bridge product and began initial commercial shipments in the U.S.

Statistics:

  • Revenue Increase: 42% (Q2 1994 to Q2 1995)
  • Revenue Increase: 25% (Q1 1995 to Q2 1995)
  • Net Income: $205,000 (Q2 1995)
  • Net Income Per Share: $.03 (Q2 1995)
  • RangeLAN2 Shipments: 57% of total revenues (Q2 1995)
  • Number of Countries Approving RangeLAN2: 15 (as of Q2 1995)
  • Number of 2.4 GHz RangeLINK Products Certified: 7 (as of Q2 1995)

Sources:

  • Proxim, Inc. Press Release (July 18, 1995)
  • Business Wire (July 18, 1995)

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