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Tellium records first financial results

Telecom equipment maker Tellium reported its first financial results as a public company. Tellium posted a second-quarter pro forma operating loss of $15.3 million, on revenue of $30.4 million. That compares with a loss of $22.5 million and revenue of $15.6 million in the previous quarter. Including charges, the Oceanport, N.J.-based company posted an operating loss of $53.8 million in the second quarter and $52.5 million during the first quarter. The company makes optical gear for long-haul networks, which transmit data between cities. Tellium raised about $140 million from a May initial public offering of 9 million shares at $15 each led by Morgan Stanley and Thomas Weisel Partners along with UBS Warburg, CIBC World Markets and Wit SoundView. The shares closed at $17.80 Wednesday.

    Telecom equipment maker Tellium reported its first financial results as a public company. Tellium posted a second-quarter pro forma operating loss of $15.3 million, on revenue of $30.4 million. That compares with a loss of $22.5 million and revenue of $15.6 million in the previous quarter. Including charges, the Oceanport, N.J.-based company posted an operating loss of $53.8 million in the second quarter and $52.5 million during the first quarter.

    The company makes optical gear for long-haul networks, which transmit data between cities. Tellium raised about $140 million from a May initial public offering of 9 million shares at $15 each led by Morgan Stanley and Thomas Weisel Partners along with UBS Warburg, CIBC World Markets and Wit SoundView. The shares closed at $17.80 Wednesday.