Product category:
Communications ICs (Wired)
News Release from: Tundra Semiconductor
Edited by the Electronicstalk Editorial
Team on 13 June 2006
Acquisitions strengthen financial
position
Tundra Semiconductor Corporation has reported financial results for the final quarter of fiscal 2006, which ended 30th April 2006.
Tundra Semiconductor Corporation has reported financial results for the final quarter of fiscal 2006, which ended 30th April 2006 Q4 2006 revenue was $19.0 million (up 1% quarter-over-quarter; up 10% compared with Q4 2005)
This article was originally published on Electronicstalk on 25 May 2001 at 8.00am (UK)
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Pro forma earnings were $2.6 million (up 15% quarter-over-quarter; up 92% compared with Q4 2005).
Pro forma diluted earnings per share were $0.13 (up from $0.11 in Q3 2006; up from $0.07 in Q4 2005).
GAAP earnings for Q4 2006 were $6.8 million or $0.35 per diluted share (up from $1.5 million or $0.08 in Q3 2006; up from $641,000 or $0.03 in Q4 2005).
For FY 2006: revenue was $74.5 million compared with $79.6 million in FY 2005; pro forma earnings were $8.9 million compared with $10.4 million in FY 2005; pro forma diluted earnings per share were $0.45 compared with $0.53 for FY 2005; and GAAP earnings were $10.8 million or $0.55 per diluted share compared with $7.5 million or $0.38 for FY 2005.
"I am pleased with the results we have achieved this quarter".
"Not only did we grow the company by building on our market and product leadership, we also completed three key acquisitions".
"I can report that our teams are working well together as we integrate product roadmaps and company operations", said Jim Roche, President and CEO of Tundra.
"Executing against our acquisition strategy has strengthened our financial position, broadened our system interconnect portfolio and increased penetration of our strategic customers".
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