Sigma Designs Reports Second Quarter Fiscal 2013 Results

Wednesday, September 5th, 2012 
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MILPITAS, CA — Sigma Designs®, Inc. (NASDAQ: SIGM), a leader in connected media platforms, today reported financial results and business highlights for its second fiscal quarter ended July 28, 2012.

Net revenue for the second quarter of fiscal 2013 was $68.3 million, up $28.0 million, or 70%, from $40.3 million reported in the previous quarter and up $21.6 million, or 46%, from $46.7 million reported for the same period last year. The primary reason for the increase over the previous quarter was the addition of DTV revenues of $26.6 million as a result of the acquisition of the DTV business from Trident Microsystems.

Recent Highlights

  • We announced that Sigma’s HiDTV Pros chipset has been selected by VIZIO, America’s #1 LCD HDTV company, for its new ultra wide Cinemawide® HDTVs.
  • We announced that Sigma’s HiDTV Fusion™, the industry’s only integrated 200/240Hz Frame Rate Conversion SmartTV SoC solution, has been selected for use in a wide range of SmartTV products from Metz in Germany as well as other major European TV manufacturers.
  • We announced that our next generation HomePlug AV solution, configured as a wall-mount adapter device by Comptrend, will be used by Chunghwa Telecom, Taiwan’s largest service provider, for delivering IPTV services in consumer homes.
  • We announced our entry into the XBMC media player arena with support on our SMP8656 high performance media processor, which is expected to open the European developer market serving the installed base of XBMC users.
  • We announced that AOC, a leading DTV manufacturer in Brazil, debuted a new line of DTVs for the LATAM market based on Sigma’s HiDTV Pro-SXL SoCs.
  • We announced the debut of our SMP8672 media processor, a new platform delivering 3D video and graphics processing, other advanced features, and lower power for use in connected media players, IPTV and hybrid Set-Top Boxes.
  • We announced the release of our SMP8674 media processor, which delivers solid performance and advanced features at an aggressive price point for OEMs and ODMs.
  • We announced the licensing of the Z-Wave software stack to a strategic partner in exchange for an aggregate license fee of $16.8 million.
  • We announced that Sigma’s Z-Wave-based home control devices can now be used in Japan without the need for radio station licensing as a result of the new low-power RF device frequency range approvals by the Japanese government.