By Peter Clarke, EETimes, Jul. 05, 2016 –
Imagination Technologies Group plc (Kings Langley, England) has told analysts that it has made a market share gain for its graphics processor intellectual property in mid-tier mobile phones and continues to be the market leader at the high-end. However, that did not prevent the troubled company from reporting financial losses for its financial year ended April 30, 2016.
The company reported a retained loss of 80.9 million Pounds on revenue of 120.0 million Pounds. This compares with a retained loss of 13.0 million Pounds on revenue of 156.8 million in the previous year. Licensing revenue from continuing operations more than halved to 17.1 million from 37.8 million in the previous year. Royalties from continuing operations also declined to 102.7 million Pounds from 118.4 million Pounds in the year before.
Net debt at the year-end was 33.0 million compared with 27.2 million a year before.