Click on the advert above to visit the company web site

Product category: Microprocessors, Microcontrollers and DSPs
News Release from: Zilog
Edited by the Electronicstalk Editorial Team on 5 February 2007

Flash MCU sales
lead year-on-year growth

Zilog has reported results for its 2007 fiscal year third quarter ended 30th December 2006

Sales for the quarter were US $20.7 million, an 18% increase over sales of $17.6 million for the comparable period a year ago and a decrease from sales of $21.2 million for the immediately preceding quarter. The increase in sales from a year ago reflects continued growth in new product sales including embedded Flash MCU and universal remote control solutions.

Embedded Flash sales were $3.6 million for the quarter, an increase of 89% from the comparable quarter a year ago, reflecting growth in the health and fitness and digital communications markets.

Additionally, net sales of universal remote control solutions including the Crimzon family of solutions increased 38% as compared with the third fiscal quarter a year ago, reflecting growth in the home entertainment and consumer gaming markets.

'We were pleased that we exceeded the high-end of our previous sales guidance range this quarter, in a period that is seasonally challenging for us due to our high concentration of consumer market products'.

'We continue to experience strong demand for our new embedded Flash and universal remote control solutions', stated Perry Grace, Zilog's Executive Vice President and Chief Financial Officer.

'Additionally, after an extensive recruiting search we were excited to announce the addition of Darin Billerbeck to the management team as the new Chief Executive Officer and as a member of the Board of Directors'.

'Darin's extensive industry experience including that at Intel where he most recently managed a flash business, will allow us to continue to refine our market focus and strategy', added Grace.

GAAP gross margin for the quarter was 47% of sales as compared with 46% of sales in the preceding quarter and 45% of sales for the comparable period a year ago.

The company reported adjusted EBITDA of positive $0.3 million in the quarter as compared with positive $0.2 million in the preceding quarter and negative $1.8 million in the third fiscal quarter a year ago.

GAAP net loss for the quarter was $1.6 million or 10 cents per share as compared with a GAAP net loss of $2.3 million or 14 cents per share in the previous quarter and a GAAP net loss of $3.1 million or 19 cents per share in the third fiscal quarter a year ago.

The net loss for the quarter includes special charges of $0.1 million, noncash charges for amortisation of intangibles of $0.3 million and FAS 123R stock-based compensation charges of $0.4 million.

On a non-GAAP basis (excluding special charges, amortisation of intangible assets and charges for stock-based compensation expense) the company reported a net loss for the third fiscal quarter of $0.8 million or 5 cents per share as compared with a non-GAAP net loss of $0.7 million or 4 cents per share in the previous quarter and a loss of $2.2 million or 13 cents per share for the third fiscal quarter a year ago.

Sales for the nine months ended 30th December 2006 were $62.9 million, an increase of 7% as compared with $58.7 million for the comparative nine month period a year ago.

GAAP net loss for the nine months ended 30th December 2006 was $5.4 million or 33 cents per share as compared with a GAAP net loss of $14.0 million or 86 cents per share for the nine months ended 31st December 2005.

The company shipped approximately 900 development tool kits for the quarter, bringing total tool kits shipped since the introduction of its integrated embedded Flash MCUs to over 39,000.

Additionally, the company added another 116 new embedded Flash silicon customers in the quarter, taking the cumulative increase in customers to more than 2900 since introduction.

• Zilog: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
•
• Electronicstalk Home Page

Search the Pro-Talk network of sites

Put your news on Electronicstalk  |   Advertise  |   Get the free Electronicstalk newsletter
Electronicstalk Home  |   About Electronicstalk  |   Copyright © 2000-2007 Pro-Talk Ltd, UK