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Voltaire Revenues Up

BILLERICA, Mass. and HERZELIYA, Israel -- Voltaire Ltd. (NASDAQ:VOLT), a leading provider of grid backbone solutions, today announced financial results for the three and twelve month periods ended December 31, 2007.

Fourth Quarter Highlights (compared to fourth quarter 2006)

  • Achieved non-GAAP net income of $1.4 million; GAAP net income of $1.2 million
  • Gross margin increased to 48.4%, up from 38.6%
  • Revenues grew by 26% to $17.4 million
  • Strong operating cash flow as a result of efficient inventory management and customer collection
  • Steady increase in orders generated from main commercial vertical markets during fourth quarter

Voltaire Inc.