Sigma Designs Reports Fourth Quarter and Fiscal 2011 Results

Wednesday, March 2nd, 2011
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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 fourth quarter and fiscal year ended January 29, 2011.

Net revenue for the fourth quarter of fiscal 2011 was $70.6 million, down $7.2 million, or 9%, from $77.8 million reported in the previous quarter and up $2.5 million, or 4%, from $68.1 million reported for the same period last year. Net revenue for fiscal 2011 was $286.9 million, up $80.8 million or 39%, from $206.1 million reported for the previous year.

Fourth Quarter Highlights

  • We announced the SMP8910, the first chip to integrate VXP studio quality video processing and highly flexible 3D video processing into a high-performance media processor forming the genesis of our premium line of set-top box media processors.
  • We demonstrated Sigma’s new SMP8670, which gives OEMs and ODMs a compelling solution for connected media players with 40% more performance 30% less power consumption, and lower overall BOM costs compared to its predecessor.
  • We announced support for five exciting new TV development environments: Adobe® AIR® for TV, the Espial Browser with support for Adobe Flash® Player, a Hardware Accelerated Open GL ES 3D UI Framework, Skype TV HD video conferencing, and XBMC (XBMC Media Center) for delivering easy access to Internet-based video content and games.
  • We announced that our SMP8652 Secure Media Processor™ is being used inside Verismo’s Broadband TV set top box and overall we continue to see high interest in our low cost thin client solutions.
  • We were the first to announce and demonstrate a working G.hn solution, the CG5110 G.hn chipset. This solution delivers substantially higher performance than every wired home entertainment networking solution on the market today.
  • We announced that our HomePlug AV® with ClearPath™ technology has won the TV Innovation Award in the category of “Home Networking,” in addition to two other recent awards.

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