Entropic reports second quarter 2014 results

SAN DIEGO — Entropic (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, today reported its second quarter results for the period ended June 30, 2014. Entropic reported second quarter net revenues of $50.2 million. This compares to net revenues of $55.7 million in the first quarter of 2014, and $70.6 million in the second quarter of 2013.

Corporate News

On June 9, 2014, Entropic announced its plan to sharpen its engineering and R&D resource focus and consolidate global offices to improve efficiencies and reduce costs.

Technology Innovation

Entropic unveiled its EN5500-series, which are recognized as the industry’s lowest power, smallest size and highest performance Digital Channel Stacking Switch (dCSS) Integrated Circuits (ICs) for the worldwide direct broadcast satellite market.

New Designs

Inverto developed its Unicable II Digital Satellite Outdoor Unit Products featuring Entropic’s EN5520, which is part of Entropic’s advanced second-generation dCSS product family.

New Partnerships

Entropic and Cryptography Research, the security division of Rambus (NASDAQ:RMBS) signed a patent license agreement allowing for the use of the Cryptography Research side-channel attack countermeasures in Entropic’s ICs.

Entropic selected OmniPhy’s high-speed physical interface solution for its next-generation set-top box system-on-a-chip designs.

Entropic licensed Excellicon’s Constraints Products to develop a robust, efficient timing constraint development methodology for its build flow.