ARC International plc -- Interim Management Statement
Market conditions remain challenging, with longer sales cycles, with the result that the Board is expecting to generate revenues for the first half of between £6m to £8m (H1 2008: £9.3m). However, ARC’s licensing pipeline is healthy and its balance sheet remains strong with cash balances of £9.8m at 30th April 2009.
Our recent strategic investment in R&D facilities in India and Russia has begun to deliver the anticipated returns, with the release of the new ARC Sound 211SFX and two new Sound-to-Silicon solutions, ahead of plan. These will be launched at Computex in Taiwan on 2nd June.
Geoff Bristow, newly-appointed CEO of ARC International, commented:
“The financial outlook for the first half is very disappointing, demonstrating the need for action. The Board and I are committed to achieving profitability and positive cash flow in the near term and we remain convinced of the long-term value within ARC and its market leading product set. These are tough times but I am confident that we can emerge as a stronger, more efficient business in the future. I look forward to updating the market with the action plan at the time of our interim results.”
The results for the six months to 30th June 2009 will be announced on 5th August 2009.
|
Related News
- ARC International Interim Management Statement
- ARC International plc - Trading Statement and Management Changes
- Imagination Technologies Group plc - Interim Management Statement
- Imagination Technologies Group plc: Interim Management Statement
- Imagination Technologies Group plc: Interim Management Statement
Breaking News
- Alphawave Semi Audited Results for the Year Ended 31 December 2024
- BrainChip Gives the Edge to Search and Rescue Operations
- Shifting Sands in Silicon by Global Supply Chains
- Analog Bits to Demonstrate IP Portfolio on TSMC 3nm and 2nm Processes at TSMC 2025 Technology Symposium
- Equal1 advances scalable quantum computing with CMOS-compatible silicon spin qubit technology
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Intel Announces Strategic Investment by Silver Lake in Altera
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- AMD Achieves First TSMC N2 Product Silicon Milestone
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |