PR Newswire: Pixelplus announced unaudited financial results for Q4 2010. The revenue for the quarter was 7.5 billion Korean won (US$6.6 million), compared to 7.0 billion Korean won (US$6.1 million) in Q3 2010, and 6.0 billion Korean won (US$5.3 million) in Q4 2009.
Net income in Q4 2010 was 0.9 billion Korean won (US$0.8 million), compared to a net income of 1.6 billion Korean won (US$1.4 million) in Q3 2010, and a net income of 2.0 billion Korean won (US$1.8 million) in Q4 2009. Gross margin for Q4 2010 was 34.7%, compared to 40.5% in Q3 2010. The Company's lower-than-expected gross margin was mainly due to decrease in the average selling price of its image sensor sold in the fourth quarter.
"We remain fully committed to achieving our long-term growth targets and business strategies through developing new products, penetrating new markets, and securing new design wins. ...the Company continues to vigorously pursue cost-control measures and effectively manage our operating expenses," said S.K. Lee, CEO and Founder of Pixelplus.
Pixelplus' stock is traded in nasdaq pink site as of symbol "PXPLY".
ReplyDeleteYesterday, it was traded as 2.15$ which is continuous rising.
I think the Japan earthquake may affect the selling securty sensor of Pixelplus either in near future.
I have some stocks of this compnay so I hope it to grow continously.