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Friday, May 28, 2010

Pixelplus Reports Q1 2010 Results

PR-Newswire: Pixelplus revenue for the Q1 2010 was US$3.6M, compared to US$5.3M in Q4 2009, and US$3.1M in Q1 2009. Net income in Q1 2010 was US$0.3M, compared to a net income of US$1.8M in Q4 2009, and a net loss of US$1.0M in Q1 2009.

The company sold roughly 1.6 million image sensors in Q1 2010, which represented a decrease of about 2.4 million from its sale of around 4.0 million units in Q4 2009. Separately, the Company furnished approximately 0.06 million image sensors arising from its supply of services to a leading Japanese module maker in Q1 2010, which represented a decrease of about 0.04 million units from its supply of around 0.1 million units in the Q4 2009.

Gross margin for the first quarter of fiscal 2010 was 40.5%, compared to 44.5% in the fourth quarter of fiscal 2009. The company's high gross margin was mainly due to its sale of high margin-driven products and service revenues.

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