Sigma Designs, Inc. Reports Third Quarter Fiscal 2011 Results

Wednesday, December 1st, 2010
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MILPITAS, CA — Sigma Designs®, Inc. (NASDAQ: SIGM) (“Sigma”), a leading provider of highly integrated system-on-chip, or SoC, solutions used to deliver multimedia entertainment throughout the home, today reported financial results and business highlights for its third fiscal quarter ended October 30, 2010.

Net revenue for the third quarter was $77.8 million, up $4.5 million, or 6%, from $73.3 million reported in the previous quarter and up $42.3 million, or 119%, from $35.5 million reported for the same period last year.

Third Quarter Highlights

  • We announced the CG5110, the industry’s first chipset for home entertainment networking. As the International Telecommunication Union’s (ITU) next-generation standard for wired home entertainment networks over any wire, represents an enormous step forward for consumer electronics OEMs, PC manufacturers and broadband service providers in terms of performance and ease-of-deployment.
  • We announced that the SMP8633 secure media processor is the first and only media processor powering wireless PC-to-TV display devices. NETGEAR’s Push2TV™ adapter uses Sigma’s chipset to display content from Intel® Wireless Display enabled notebook PCs on a big screen HD-TV, wirelessly.
  • We jointly announced, along with TDVision Systems, the leader in Full HD 3D to the home technologies, that Sigma is the first chip company to publicly support TDVision System’s Full HD stereoscopic video decoding technology.
  • We announced that our SMP8656 Secure Media Processor™ will enable the new Android-based Over the Top (OTT) media player by DViCO. The TVIX Xroid A1 is the first Android connected media player on the market to use Sigma’s cutting edge media processor to deliver premium quality video and music streaming services.

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