Redback Reports Q3 Revenue of $21 Million

Redback Networks reported quarterly revenue of $21.0 million, down from $27.4 million in net revenue for the third quarter of 2003 and $32.3 million for the second quarter of 2004. GAAP net loss for the third quarter of 2004 was $12.5 million or $0.24 per share attributable to common stockholders based on weighted average shares outstanding of 52.5 million, down from a GAAP net loss of $18.1 million or $0.10 per share attributable to common stockholders based on weighted average shares outstanding of 182.5 million in the third quarter of 2003. http://www.redback.com