Strong sales in network equipment and optical components contributed to $147.6 million in revenue in the second quarter for MRV Communications Inc. The Chatsworth-based provider of optical networking products only released preliminary financial results for the quarter ending June 30 due to an ongoing internal review of stock option grant practices. Once the review is completed, the company will restate its financial statements. The second quarter revenue is a 45 percent increase over the revenue of $102 million reported for the same period in 2007. MRV currently estimates that revenue for the third quarter of 2008 will be in the range of $139 million to $144 million.
MRV Revenues Hit $147 Million