Digital video network provider BigBand Networks Inc. reported 4Q10 revenues of approximately $26 million, a GAAP net loss of approximately ($0.09) and a non-GAAP net loss of approximately ($0.05) per share.

To cut expenses, BigBand also announced expense-reduction measures designed to streamline its operations, i.e., a reduction in force (RIF). “These measures are expected to achieve annualized cost savings of approximately $8 million through the reduction of 9 percent of headcount as well as the consolidation of certain facilities,” the company noted in a statement. “As a result of these measures, BigBand expects to incur a one-time charge of approximately $2 million in the first quarter of 2011.”

According to BigBand President and CEO Amir Bassan-Eskenazi, “Our preliminary results for the fourth quarter are in line with the prior outlook we provided, and (our) actions are designed to help us strike the right balance between preserving cash and investing in the future. We are emerging from a challenging year and remain focused on our strategic priorities for the cable and telco markets, such as the MSP QAM, SDV, vIP PASS and advanced advertising.”

BigBand says it will provide more details regarding its financials during a scheduled earnings call on Feb. 1, at which time a reconciliation of GAAP and non-GAAP results will be presented.

The Daily

Subscribe
Wednesday–April 30

Effros: Going ‘Round and Round’

There appear to be many folks, these days, who seem to be unable (or unwilling) to remember the past, and yes, we’re about to repeat a whole lot of business plans, telecommunications debates and regulations yet again.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.