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Acme Packet Inc (APKT) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2008

Acme Packet Inc

CIK: 1130258 Ticker: APKT

Exhibit 99.1

 

 

Investor Relations:

Industry Analysts / Trade and Business Press:

Brian Norris

Liz Miller

Acme Packet

Connect2 Communications

+1 781-328-4790

+1 847-769-3075

bnorris@acmepacket.com

elizabeth@connect2comm.com

 

Acme Packet Reports Strong Results for Fourth Quarter of 2008

 

Company Posts Revenues of $30.6 Million, an Increase of 8% Sequentially from Third Quarter of 2008 –

 

Company Posts Non-GAAP(1) EPS of $0.09; Issues Business Outlook for 2009 –

 

BURLINGTON, MA. – February 5, 2009

— Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, today announced results for the fourth quarter and year ended December 31, 2008.  The Company also issued its business outlook for 2009.  Summary financial results for the fourth quarter of 2008 are as follows:

 

·                  Revenues of $30.6 million, an increase of 8% sequentially from third quarter of 2008;

 

·                  Non-GAAP(1) EPS of $0.09, compared to $0.05 in the third quarter of 2008;

 

·                  Cash flow from operations of $7.0 million, compared to $2.5 million in the third quarter of 2008.

 

Results for the Fourth Quarter of 2008

 

Total revenues for the fourth quarter of 2008 were $30.6 million, compared to $31.4 million in the fourth quarter of last year and $28.4 million in the third quarter of 2008.  Net income for the fourth quarter of 2008 was $3.7 million, or $0.06 per share on a diluted basis, compared to $5.2 million, or $0.08 per share on a diluted basis, in the same period last year, and $2.0 million, or $0.03 per share on a diluted basis, in the third quarter of 2008.  Net income on a non-GAAP(1) basis for the fourth quarter of 2008 was $5.6 million, or $0.09 per share on a diluted basis, compared to $6.5 million, or $0.10 per share on a diluted basis, in the same period last year, and $3.4 million, or $0.05 per share on a diluted basis, in the third quarter of 2008.  Non-GAAP net income(1) differs from GAAP net income as it excludes stock-based compensation expense, net of tax, of approximately $1.9 million, or $0.03 per share, in the fourth quarter of 2008; approximately $1.3 million, or $0.02 per share, in the fourth quarter of 2007; and approximately $1.3 million, or $0.02 per share, in the third quarter of 2008.  A reconciliation of GAAP to non-GAAP(1) results is included at the end of this press release.

 


The following information was filed by Acme Packet Inc (APKT) on Thursday, February 5, 2009 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.

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SEC Filing Tools
Ticker: APKT
CIK: 1130258
Form Type: 10-K Annual Report
Accession Number: 0001047469-09-002660
Submitted to the SEC: Fri Mar 13 2009 4:56:36 PM EST
Accepted by the SEC: Fri Mar 13 2009
Period: Wednesday, December 31, 2008
Industry: Computer Communications Equipment

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