Product category:
Design and Development Software
News Release from: Synplicity
Edited by the Electronicstalk Editorial
Team on 26 July 2002
Eventful quarter for Synplicity
Synplicity has revealed its financial results for the quarter ended 30th June 2002.
Synplicity has revealed its financial results for the quarter ended 30th June 2002 Revenue for the 30th June 2002 quarter was $11.2 million, a 10% decrease from revenue of $12.5 million for the quarter ended 30th June 2001, and a 4% increase from revenue of $10.8 million for the quarter ended 31st March 2002
This article was originally published on Electronicstalk on 16 Apr 2008 at 8.00am (UK)
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Synplicity had a net loss of $63,000, or $0.00 per diluted share, for the quarter ended 30th June 2002, compared with net income of $98,000, or $0.00 per diluted share, for the quarter ended 30th June 2001 and net income of $89,000, or $0.00 per diluted share, for the quarter ended 31st March 2002.
Pro forma net income, which excludes stock-based compensation expense, was $140,000, or $0.01 per share, for the quarter ended 30th June 2002, compared with pro forma net income of $368,000, or $0.01 per share, for the quarter ended 30th June 2001 and pro forma net income of $278,000, or $0.01 per share, for the quarter ended 31st March 2002.
For the six months ended 30th June 2002, revenue was $22.0 million, a 12% decrease from revenue of $25.1 million for the six months ended 30th June 2001.
For the six months ended 30th June 2002, Synplicity had net income of $26,000, or $0.00 per diluted share, compared with net income of $854,000, or $0.03 per diluted share, for the six months ended 30th June 2001.
Pro forma net income, which excludes stock-based compensation expense, was $418,000, or $0.02 per share, for the six months ended 30th June 2002, compared with pro forma net income of $1.4 million, or $0.05 for the six months ended 30th June 2001.
"Despite the weak economy's effect on our business, this quarter was an eventful quarter for Synplicity", said Bernard Aronson, president and CEO of Synplicity.
"On 2nd July we completed our first acquisition which provides us with intellectual property and products for the strategic area of power analysis and signal integrity.
Additionally, our ASIC business received a major endorsement from IBM, the world's largest ASIC vendor, and our core FPGA business enjoyed strong sequential international growth".
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