Trident Microsystems Reports Results for Fourth Quarter Ended Dec. 31, 2010Thursday, February 3rd, 2011
SUNNYVALE, Calif. — Trident Microsystems, Inc. (Nasdaq: TRID), a leader in high-performance semiconductor system solutions for the connected home, today announced results for its fourth quarter ended Dec. 31, 2010.
For the quarter, the company reported net revenues of $118.6 million, which compares with $176.6 million in the prior sequential quarter and $31.9 million in the quarter ended Dec. 31, 2009. On a generally accepted accounting principles (“GAAP”) basis, the company reported a net loss for the quarter of $53.8 million, or $0.31 per share. This compares with a net loss of $17.5 million, or $0.10 per share in the prior sequential quarter and a net loss of $23.4 million, or $0.34 per share, in the quarter ended Dec. 31, 2009.