Zoran Corporation Reports First Quarter 2010 Results

SUNNYVALE, Calif — Zoran Corporation (NASDAQ:ZRAN – News), a leading provider of digital solutions for applications in the digital entertainment and digital imaging markets, today reported results for its first quarter ended March 31, 2010.

Revenues for the first quarter were $90.5 million, compared to $93.3 million last quarter and $68.5 million for the first quarter of 2009. The Company reported a first quarter GAAP net loss of $4.0 million, or $0.08 per share, which compares with a GAAP net loss of $2.9 million, or $0.06 per share, for the previous quarter and a GAAP net loss of $21.1 million, or $0.41 per share, for the first quarter of the prior year.

Recent Highlights

• Revenues by product line for the first quarter of 2010 were 44 percent Digital Camera, 27 percent DTV (includes set-top-box), 16 percent Printer Imaging, 11 percent DVD and 2 percent mobile phone processors
• Zoran announced integrated VUDU Apps Reference Design for rapid deployment of Internet Connected HDTVs
• Toshiba is now shipping its first DLNA connected TV based on Zoran’s SupraHD 787 and SupraFRC solutions
• Funai’s Philips brand is shipping 120Hz televisions running on Zoran’s SupraHD 787 and SupraFRC solutions
• Zoran and DVN Holdings Limited demonstrated High Definition China Cable Set-Top Boxes for operators at CCBN 2010 in Beijing
• Zoran powered a new family of High Definition China Cable Set-Top Boxes From COSHIP demonstrated At CCBN 2010
• Zoran demonstrated latest Set-Top Box Platforms for global manufacturers at Convergence India 2010 in New Delhi

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