Airvana Reports Fourth Quarter and Full Year 2008 Financial Results
Invoiced Shipments for the Quarter Up 19% from Prior Year
Worldwide Growth of Wireless Data Services Accelerates CDMA 3G Deployments
Release of EV-DO Software Version 7.0 Delivers Additional Value to Wireless Operators
Board Approves Second $20 Million Share Repurchase Program
Company Exits 2008 with $228 Million in Cash and Investments and No Debt
CHELMSFORD, Mass. - February 12, 2009
Airvana, Inc. (NASDAQ: AIRV), a leading provider of mobile broadband network infrastructure products, today reported financial results for the fourth quarter and fiscal year ended December 28, 2008. Airvana presents both GAAP and non-GAAP financial metrics below because management believes that the combination provides a more complete understanding of Airvana's operating performance.
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