Product category:
Intellectual Property Cores
News Release from: ARC International
Edited by the Electronicstalk Editorial
Team on 04 May 2001
ARC International raises turnover,
reduces loss
ARC International has announced results for the first quarter ended 31st March 2001.
ARC International has announced results for the first quarter ended 31st March 2001 The company's turnover and licensee base experienced further growth during the quarter and the cash position remains strong
This article was originally published on Electronicstalk on 20 Feb 2001 at 8.00am (UK)
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Turnover was up 159% to GBP 3.7 million (Q1 2000: GBP 1.4 million), 5% higher than Q4 2000; licence income was up 13% to GBP 3.0 million from GBP 2.7 million in Q4 2000; the company's net loss was reduced to GBP 4.4 million from GBP 4.7 million in Q4 2000; and the company now has GBP 140 million in hand.
Commenting on the results, Bob Terwilliger, Chief Executive Officer, said: "I am pleased to announce continued turnover growth and good progress towards our commercial and financial goals during the first quarter.
Our business model of licensing our intellectual property to customers who are developing next generation products limits our exposure to the stock adjustments and production cut-backs being experienced by many technology companies.
Our configurable microprocessor's versatility and high-performance is generating increasing interest amongst system designers.
We now have 50 customers with 80 design licenses and our technology is being used successfully in an ever-expanding range of products within our target markets.
We remain confident about our prospects for the remainder of the year".
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