Tuesday, May 31, 2011

Pixelplus Reports Q1'11 Earnings

PR Newswire: Pixelplus announced unaudited financial results for Q1 2011. Revenue for the quarter was 7.3 billion Korean won (US$6.7 million), compared to 7.5 billion Korean won (US$6.8 million) in the fourth quarter of fiscal 2010, and 4.1 billion Korean won (US$3.7 million) in the first quarter of fiscal 2010.

Net income in the first quarter of fiscal 2011 was 1.0 billion Korean won (US$0.9 million), compared to a net income of 0.9 billion Korean won (US$0.8 million), in the fourth quarter of fiscal 2010, and a net income of 0.3 billion Korean won (US$0.3 million), in the first quarter of fiscal 2010.

Gross margin for the first quarter of fiscal 2011 was 36.8%, compared to 34.7% in the fourth quarter of fiscal 2010.

"The key to our consistent growth and success will be our ability to transform our organization to achieve long-term profitability. For this aim, I believe our strategic and ongoing cost-control measures should help us decrease our cash requirements, concentrate on our core business, maintain our continuity, and improve the efficiency of our operations," said Dr. S.K. Lee, CEO and Founder of Pixelplus.

1 comment:

  1. "PXPLY" stock price has been raised as much as 17% only yesterday. what will happen next quarter?

    ReplyDelete

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