Ixia Reports Record Revenues, But Sees Loss

Calabasas-based Ixia, a developer of network testing tools, reported its fourth quarter and 2009 year end results Thursday, saying that it lost $31.3M in Q4 of 2009, on record revenues of $56.1M in Q4. The loss came due to a $27.6M income tax charge to write-down the value of U.S. deferred tax assets. The firm said the revenues were an increase of 37% over 2008's Q4, and were up 21% over the $46.4M the firm reported in Q3. The revenues were boosted by two acquisitions, including the firm's buy of Agilent's N2X Data network Testing Product Line in October, and the acquisition of Capapult Communications in June. Ixia is a developer of hardware and software used for testing high speed networks.