RICHARDSON, TX – TXP Corp., ODM for the telecommunications industry, announced revenue of $3.3 million in the second quarter, an increase of 70% year-over-year.

Operating loss was approximately $1.1 million, an increase of about 39% year-over-year.

The increase in operating loss primarily reflects the hiring of Siemens' former ONT development team, the company reports.

The company says it increased its customer base from 89 to 117 during the quarter.