Zoran Reports Fourth Quarter and Year End 2009 Results

Zoran’s US DTV Market Share Grows to Over 30 Percent in the Fourth Quarter

SUNNYVALE, Calif — Zoran Corporation (NASDAQ:ZRAN), a leading provider of digital solutions for applications in the digital entertainment and digital imaging markets, today reported results for its fourth quarter and year ended December 31, 2009.

Revenues for the fourth quarter were $93.3 million, compared to $115.5 million last quarter and $74.7 million for the fourth quarter of 2008. The Company reported a fourth quarter GAAP net loss of $2.9 million, or $0.06 per share, which compares with a GAAP net income of $4.9 million, or $0.09 per diluted share, for the previous quarter and a GAAP net loss of $20.2 million, or $0.40 per share, for the fourth quarter of the prior year.

Recent Highlights

• Revenues by product line for the fourth quarter of 2009 were 37 percent Digital Camera, 29 percent DTV (includes set-top-box), 15 percent DVD, 15 percent Printer Imaging and 4 percent mobile phone processors
• Over 80 new Products Powered by Zoran were on display at CES 2010 in Las Vegas
• Zoran demonstrates new HDTV, Set-top Box, Blu-Ray and HD Media Player, Digital Camera and Printer Technologies at CES 2010
• Zoran powers JVC’s new HD Media Player for HD Camcorders

More: Earnings Release