Microtune Announces Third Quarter 2009 Financial Results

Thursday, October 22nd, 2009
|

PLANO, Texas — Microtune®, Inc. (NASDAQ: TUNE) today reported preliminary unaudited financial results for the quarter and nine months ended September 30, 2009.

Net revenue for the third quarter of 2009 was $18.0 million, compared to net revenue of $17.6 million for the second quarter of 2009, and compared to net revenue of $31.9 million for the third quarter of 2008.

Business Highlights

  • Microtune introduced a new architecture, called the MicroCeiver, that will be the technology foundation for the Company’s new class of highly integrated receiver products for the digital TV and cable markets. The MicroCeiver platform will offer a complete radio frequency (RF)-to-baseband solution that is engineered to bring low cost, miniature footprints and excellent signal reception quality to manufacturers creating next-generation consumer products.
  • The Company announced that it had received the 2009 ‘Excellence in Technology Alignment’ Supplier Award from Cisco. This prestigious award recognized Microtune for its demonstrated leadership and commitment in continuously innovating and delivering leading-edge technology aligned to Cisco’s product development requirements.
  • Through September 30, 2009, Microtune has shipped a cumulative number of approximately 143.7 million silicon tuner chips.

More: Earnings Release