Product category:
Programmable Logic Devices
News Release from: MathStar
Edited by the Electronicstalk Editorial
Team on 03 May 2007
Q1 results show boom in revenues
MathStar, a fabless semiconductor company specialising in high-performance programmable logic, has announced improved revenue figures for its first quarter.
MathStar, a fabless semiconductor company specialising in high-performance programmable logic, has announced results for its first quarter, ended 31st March, 2007 Revenues were $92,000, compared to $7,000 in the fourth quarter of 2006 and $8,000 reported in the same period last year
This article was originally published on Electronicstalk on 26 Sep 2006 at 8.00am (UK)
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Net loss per share was $0.26 in the first quarter of 2007, compared to $0.28 per share in the fourth quarter of 2006 and $0.28 in the first quarter 2006.
"We shipped our first production FPOA's in the first quarter", says Doug Pihl, President and Chief Executive Officer.
"MathStar's 1GHz part is up to four times faster than any other programmable logic device on the market today, clearly making it the performance leader", he says.
"We are encouraged by the strong interest from customers, particularly in the professional video market, for our FPOA products".
"MathStar recently announced an agreement with Arrow Electronics, one of the world's largest electronics distributors, as our global supply chain partner".
"This partnership gives us a fully deployed global sales channel to support our customers from the design and prototyping stage to production, in the Americas, Europe and Asia Pacific", he adds.
The company reported first quarter gross margins of 25%.
Research and development expenses increased $299,000 or 11% to $3.1 million, up from the $2.8 million reported in the same quarter a year ago.
The increase is the result of increased payroll costs and additional engineering material.
The increase was somewhat offset by lower EDA contract and engineering services expenses.
For the three months ended March 31, 2007, selling, general and administrative expenses increased $260,000 or 12 % to $2.5 million, compared to $2.2 million in the same period a year ago.
The increase was primarily the result of advertising and promotional costs, consulting fees and other administrative costs.
These increases were partially offset by a reduction of employee-related expenses.
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