Zoran Reports Second Quarter 2007 Revenues of $129.9 Million

Monday, July 23rd, 2007
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  • 28 percent sequential revenue growth
  • Digital Camera and DVD revenues increase 31 and 55 percent, respectively
  • Cash and investments increased $40.7 million to $336.7 million

SUNNYVALE, Calif. — Zoran Corporation (Nasdaq GS: ZRAN), a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets, today reported results for its second quarter ended June 30, 2007.

Revenues for the second quarter were $129.9 million, compared to $101.7 million last quarter and $127.9 million in the second quarter of 2006. Revenues for the second quarter of 2006 included $5.6 million received pursuant to the settlement of litigation.

Recent Highlights

  • Revenues by product line for the second quarter of 2007 were 38 percent Camera, 30 percent DVD, 17 percent Imaging, 13 percent DTV, and 2 percent other.
  • Zoran’s ATSC Digital Television Receiver is First to Exceed A/74 Requirement for Digital Broadcast Transition.
  • Zoran powers Siemens’ New Gigaset Family of Terrestrial Set-top Boxes with Twin-Tuner Digital Video Recording.
  • Zoran licenses IPS technology to HP.