MRV Communications Inc. lessened its loss for the first quarter of the 2007 fiscal year, the company has reported. The Chatsworth-based optical components company reported a net loss of $2.2 million, or $0.02 per share on revenues of $90 million for the quarter ending March 30. For the same reporting period in 2006, the company had a net loss of $3.7 million, or $0.03 per share, on revenues of $77 million. Demand for the company’s products remains solid, said President and CEO Noam Lotan, in a statement. “Our network access, traffic aggregation and optical transport solutions are key components in delivering important industry initiatives like IPTV and Ethernet services,” Lotan said. “MRV is focused on helping carriers address both initiatives while also ensuring interoperability and co-existence with other core network equipment vendors.” For the second quarter, the company estimates revenues in the range of $95 million to $99 million. MRV Chief Financial Officer Kevin Rubin said: “Our network equipment and network integration revenue each increased 18 percent year-over-year and we expect networking margins to increase sequentially in the second quarter as our defense business rebounds substantially from a soft quarter.”
