Ikanos Communications Announces Results for the Third Quarter 2014

                                                 

                                                                        
Notes:                                            Nine Months Ended     
                                             -------------------------- 
                                              September       September 
                                               28, 2014        29, 2013 
                                             -----------      --------- 
(a) Stock-based compensation                 $     2,793      $   2,650 
(b) Amortization of acquired                                            
 intangible assets                                   359            692 
                                             -----------      --------- 
Total non-GAAP adjustments                   $     3,152      $   3,342 
                                             ===========      ========= 
                                                                        
                                                                        
                                                                            
                         IKANOS COMMUNICATIONS, INC.                        
               Unaudited Condensed Consolidated Balance Sheets              
                               (In thousands)                               
                                                                            
                                 September 28,                 December 29, 
                                     2014       June 29, 2014      2013     
                                -------------- -------------- --------------
             Assets                                                         
Current assets:                                                             
  Cash, cash equivalents and                                                
   short-term investments       $        6,685 $       20,592 $       39,516
  Accounts receivable                   11,003          9,393             15,892
    Inventory                                                                886                    2,160                    2,017
    Prepaid  expenses  and  other                                                                                                
      current  assets                                                3,452                    3,793                    3,245
                                                                --------------  --------------  --------------
        Total  current  assets                                22,026                  35,938                  60,670
Property  and  equipment,  net                            9,355                    9,761                    8,612
Intangible  assets,  net                                          358                        478                        718
Other  assets                                                          1,976                    1,912                    1,952
                                                                --------------  --------------  --------------
                                                                $              33,715  $              48,089  $              71,952
                                                                ==============  ==============  ==============
                                                                                                                                                        
  Liabilities  and  Stockholders'                                                                                            
                          Equity                                                                                                                  
Current  liabilities:                                                                                                                
    Revolving  line                                $                4,937  $                6,912  $              12,000
    Accounts  payable                                              4,116                    7,252                    4,692
    Accrued  liabilities                                        7,679                    7,433                    8,232
                                                                --------------  --------------  --------------
        Total  current  liabilities                      16,732                  21,597                  24,924
Other  liabilities                                                1,337                    1,445                    1,637
                                                                --------------  --------------  --------------
        Total  liabilities                                      18,069                  23,042                  26,561
Stockholders'  equity                                        15,646                  25,047                  45,391
                                                                --------------  --------------  --------------
                                                                $              33,715  $              48,089  $              71,952
                                                                ==============  ==============  ==============
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
 




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