Product category:
Intellectual Property Cores
News Release from: MIPS Technologies
Edited by the Electronicstalk Editorial
Team on 27 July 2004
MIPS revenue just keeps on rising
MIPS Technologies has reported financial results for its fourth quarter and fiscal year ended 30th June 2004.
MIPS Technologies has reported financial results for its fourth quarter and fiscal year ended 30th June 2004 Revenue for the fourth quarter of fiscal 2004 grew 45% compared with the same period a year ago and 13% sequentially
This article was originally published on Electronicstalk on 23 Feb 2001 at 8.00am (UK)
Related stories
MIPS at the core of advanced smart cards
New from MIPS Technologies, the MIPS32 4KSc smart card core is a high-performance, synthesisable embedded 32bit processor core for ultra-low-power advanced smart card applications.
TSMC delivers hard core processors for MIPS fans
MIPS Technologies has announced the availability of "hard core" versions of its MIPS32 4Kc and 4Km 32bit processor cores.
Total revenue for the fourth quarter of fiscal 2004 was $14.2 million compared with $9.8 million for the same quarter a year ago.
Royalties were $6.5 million, an increase of 76% compared with $3.7 million in the same quarter a year ago.
Contract revenue was $7.7 million, an increase of 26% compared with $6.1 million in the same quarter a year ago.
Further reading
64bit soft core has integral floating-point unit
In response to customer demand for a 64bit synthesisable processor core with floating point, MIPS Technologies has introduced the MIPS64 5Kf core.
Boosted performance for 32bit soft core
MIPS Technologies has launched its next generation 32bit, high-performance, low-power core, the MIPS32 4KE family.
Net income for the fourth quarter of fiscal 2004 was $2.6 million compared with a net loss of $6.7 million for the same quarter a year ago.
Net income per diluted share for the fourth quarter of fiscal 2004 was $0.06 compared with a net loss per share of $0.17 for the same quarter a year ago.
Total revenue for fiscal year 2004 was $47.9 million, an increase of 22% compared with $39.1 million in fiscal 2003.
Royalties were $23.4 million, an increase of 49% compared with $15.7 million in fiscal 2003.
Contract revenue was $24.4 million, an increase of 4% compared with $23.4 million in 2003.
Net loss for fiscal 2004 was $1.5 million compared with a net loss of $28.9 million in fiscal 2003.
Fiscal 2004 net loss per share was $0.04 compared with a net loss per share of $0.73 in fiscal 2003.
"The achievement of our fifth consecutive quarter of revenue growth resulted from increases in both royalties and contract revenue", said Casey Eichler, Chief Financial Officer at MIPS Technologies.
"In particular, we are encouraged that royalties from our post IPO agreements contributed more than half our royalty revenue in the quarter".
"Furthermore, our three consecutive quarters of profitability has boosted our cash position to over $90 million".
"The dramatic improvements in our financials, our product base, and our licensing to customers in key markets such as digital TV, broadband communications products, and DVD recorders were hallmarks of our recently completed fiscal year", said John Bourgoin, President and CEO of MIPS Technologies.
"Our newly introduced 24K core family experienced the fastest rate of licensing of any new product in MIPS Technologies' history".
"We expanded our product offering through optimised software solutions in audio and tools".
"We believe we made significant progress in the Greater China region, a key area for future growth in embedded consumer markets".
"MIPS is well positioned for future growth".
• MIPS Technologies: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
