Last10K.com

Acme Packet Inc (APKT) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2007

Acme Packet Inc

CIK: 1130258 Ticker: APKT

 

Exhibit 99.1

 

Investor Relations:
Brian Norris
Acme Packet
+1 781-328-4790
bnorris@acmepacket.com

 

Industry Analysts / Trade and Business Press:
Rich Williams
Connect2 Communications
+1 919-554-3532
rmwilliams@connect2comm.com

 

 

Acme Packet Reports Record Results for Fourth Quarter of Fiscal Year 2007

 

—  Company Posts Record Revenues and Pre-Tax Earnings; Issues Business Outlook for 2008  —

 

BURLINGTON, MA.February 7, 2008 — Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced results for the fourth quarter and fiscal year ended December 31, 2007.  The Company also issued its business outlook for the fiscal year ending December 31, 2008.  Summary financial results are as follows:

 

Fiscal Year 2007 Q4:

 

·                  Record Quarterly Revenues of $31.4 million, up 32% year-over-year;

 

·                  Record Quarterly Earnings Before Income Taxes of $8.7 million, up 29% year-over-year;

 

Fiscal Year 2007:

 

·                  Record Annual Revenues of $113.1 million, up 34% year-over-year;

 

·                  Record Annual Earnings Before Income Taxes of $30.9 million, up 22% year-over-year;

 

Results for the Fourth Quarter of Fiscal Year 2007

 

Total revenues for the fourth quarter of fiscal year 2007 grew to a record $31.4 million, an increase of 32% compared to $23.7 million in the same period last year.  Earnings before taxes for the fourth quarter of fiscal year 2007 grew to a record $8.7 million, an increase of 29% compared to $6.7 million in the same period last year.  The Company’s results in the fourth quarter of fiscal year 2007 reflect a fully effective GAAP tax rate of approximately 40% compared to a tax benefit in the same period last year when the Company was able to utilize net operating loss carryforwards and tax credits to offset taxable income.  Net income for the fourth quarter of fiscal year 2007 was $5.2 million, or $0.08 per share on a diluted basis, compared to $10.8 million, or $0.18 per share on a diluted basis, in the same period last year.  Net income on a non-GAAP(1) basis for the fourth quarter of 2007 was $6.5 million, or $0.10 per share on a diluted basis compared to $6.5 million, or $0.11 per share on a diluted basis in the same

 


The following information was filed by Acme Packet Inc (APKT) on Thursday, February 7, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Acme Packet Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Acme Packet Inc.

Continue

Assess how Acme Packet Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Acme Packet Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools
Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0001047469-08-002683
Submitted to the SEC: Thu Mar 13 2008 4:31:33 PM EST
Accepted by the SEC: Thu Mar 13 2008
Period: Monday, December 31, 2007
Industry: Computer Communications Equipment

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/apkt/0001047469-08-002683.htm