Virage Logic revenues up year-over-year and sequentially
Virage Logic revenues up year-over-year and sequentially
By EBN
April 30, 2001 (5:15 p.m. EST)
URL: http://www.eetimes.com/story/OEG20010430S0109
Virage Logic Corp., Fremont, Calif., an embedded memory IP vendor, today reported revenues for the second quarter of fiscal 2001, ended March 31, were were $7.6 million, up 65% from $4.6 million a year ago, and up 15% from revenues of $6.6 million reported for the prior quarter. Total license revenue for the second quarter was $7.2 million and royalties were $422,000, compared with license revenue of $6.3 million and royalties of $275,000 for the first quarter of fiscal 2001. Total license revenue for the second quarter of fiscal 2000 was $4.6 million, with no royalties reported for that period. Pro forma net income for the second quarter was $968,000, or 5 cents per diluted share, compared with $194,000, or 1 cent per diluted share, for the year-ago quarter. Actual net loss for the second quarter of fiscal 2001, including non-cash amortization expenses for deferred stock compensation and warrants of $1.7 million, was $701,000, or a loss o f 4 cents per share. Actual net loss for the same period a year ago, including non cash amortization expenses for deferred stock compensation and warrants of $1.6 million, was $1.4 million, or a loss of 24 cents per share. For the third fiscal quarter, revenues are expected to be approximately $8.5 million, with gross margin expected to be about 78%. For all of fiscal 2001, revenues are expected to be in the range of approximately $31 million to $33 million, with gross margin expected to be in the range of 77 to 79%.
Related News
- Virage Logic Reports Third-Quarter Fiscal 2006 Results; License Revenues Increase 7% Sequentially and 20% Year-Over-Year
- Virage Logic Reports Record Revenues for Third-Quarter Fiscal 2004; Posts 45% Year-Over-Year Revenue Growth; Record Royalties of $1.9 Million
- Virage Logic Reports Second-Quarter Fiscal 2006 Results; Revenues up 11% and Royalties up 46% Sequentially; GAAP EPS of $0.01, Including $0.05 Per Share of After-Tax Stock-Based Compensation Expense
- Virage Logic Reports First-Quarter Fiscal 2005 Results; Posts 46% Year-Over-Year Revenue Growth
- Tower Semiconductor Ltd. Announces Second Quarter and Six Months 2004 Results; Quarterly Revenues Increased 161 Percent Year-Over-Year and 24 Percent Sequentially
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
E-mail This Article | Printer-Friendly Page |