Netopia Reports Third Quarter Results for Fiscal Year 2005

HostReview.com
Wednesday, July 27, 2005; 10:27 AM

Netopia, Inc. (www.netopia.com.), a provider in broadband gateways and service delivery software, today announced results for the third quarter of fiscal year 2005.

Revenues for the third fiscal quarter ended June 30, 2005 were $27.8 million, a 9% increase from $25.4 million for the same period in the prior fiscal year. Net loss for the third fiscal quarter in both the current and the prior fiscal year was ($2.3) million or ($0.09) per share.

"Led by broadband equipment quarterly revenues growing 15% year-over-year, we are pleased  with our achievements this quarter,” said Alan Lefkof, Netopia's president and CEO. “The broadband market is changing dynamically as leading telecommunications carriers are designing
new initiatives with combined data, voice and video services that can be remotely provisioned and managed. Netopia believes that our recently announced MiAVo gateway product suite and our NBBS software for gateway remote management give us competitive strength to help our telco customers launch these new high bandwidth ‘triple play’ services.”

Netopia will host a conference call to discuss its results for the third fiscal quarter ended June 30, 2005. The conference call will take place on Tuesday, July 26, 2005 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). The conference call will be broadcast live on the Internet and can be
accessed by visiting Netopia's web site at www.netopia.com.

To join the telephone conference, dial (913) 312-1277 and enter the pass code 4190868. An archived recording of the conference call will be available on Netopia’s web site for one year, and by telephone from July 26 – August 2, 2005. To listen to the archived recording, dial (719) 457-0820 and enter the pass code 4190868, or go to Netopia's web site.

Netopia, Inc. is a market leader and innovator in broadband customer premise equipment, remote management software and broadband services. Netopia offers carrier-class wired and wireless modems, routers and gateways. Netopia gateways serve markets from residential through enterprise-scale distributed businesses, and enable broadband access for voice, video, data and other services. Netopia's Wi-Fi CERTIFIED™ gateways feature 3-D Reach® technology for enhanced wireless range, security, and performance.

Netopia’s remote management software enables service provisioning, monitoring and remote control for broadband gateways and personal computers, and is designed to meet the requirements of a full range of users: individualto- individual, carrier-to-customer, and help desk-to-users.