Tut System's second-quarter performance was lower than expected with revenues of $8.2 million. The company said several large digital headend orders did not close in the quarter and its new T2 products didn't bring in as much revenue as expected. According to a report in Think Equity, the likelihood of the company raising VC is now well over 50 percent and the likelihood of a major deal with either AT&T or Verizon is still very strong. Think Equity believes Verizon is the more likely partner because it could "use Tut in both its fiber to the home (FTTH) network, for digital-to-analog conversion, as well as its future fiber to the basement (FTTB) network for VDSL2 delivery into apartment buildings, using a distributed all-digital network architecture."
For more on Tut System's Q2 results:
- check out this press release