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Friday, Feb 23, 2024

MRV Gives Q1 Guidance

Fewer sales of its fiber optic components and the foreign currency exchange rate will contribute to first quarter revenues in the range of $104 million to $110 million for manufacturer MRV Communications Inc. For the same period a year ago, the Chatsworth based company had net revenue of $125.6 million. MRV products continue to perform well in respective markets despite poor economic conditions and the decline in value of the Euro, said President and CEO Noam Lotan. Mark R. Madler

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