Profits rise following floatation
A Cambridge Silicon Radio product story
Edited by the Electronicstalk editorial team May 12, 2004
CSR has published unaudited financial results for the first quarter.
CSR has published unaudited financial results for the first quarter.
Revenue increased by 38% to $36.8 million ($26.7 million in Q4 2003).
Gross margin was 48.3% (50.4% in Q4 2003).
Profits before tax were $7.0 million ($4.0 million in Q4 2003), with earnings per share of $0.07 ($0.05 in Q4 2003).
And the net proceeds from CSR's flotation were $56.1 million.
Commenting on the results, John Hodgson, CEO said: "Our Q1 results represent a strong start to our life as a listed company.
This is our third profitable quarter in a row and our ninth consecutive quarter of revenue growth.
We are also pleased with our increasing momentum, as evidenced by our share of design wins of new Bluetooth end products which was at a record level for CSR in the quarter".
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