Sigma Designs Reports Fourth Quarter and Fiscal 2012 ResultsWednesday, March 7th, 2012
MILPITAS, CA — Sigma Designs®, Inc. (NASDAQ: SIGM) (“Sigma”), a world leading provider of connected media platforms, today reported financial results and business highlights for its fourth quarter and fiscal year ended January 28, 2012.
Net revenue for the fourth quarter of fiscal 2012 was $35.6 million, down $4.1 million, or 10%, from $39.7 million reported in the previous quarter and down $35.0 million, or 50%, from $70.6 million reported for the same period last year. Net revenue for fiscal 2012 was $182.6 million, down $104.3 million or 36%, from $286.9 million reported for the previous year.
Fourth Quarter Highlights
- We achieved adoption of our Z-Wave technology as a new International Telecommunication Union (ITU) standard, which defines backward compatibility with more than 600 Z-Wave products. The new ITU G.9959 is a sub 1GHz narrow band wireless standard largely based on the Z-Wave technology.
- We introduced a suite of home video conferencing solutions at CES aimed at the consumer electronics market. These new solutions, which combine Sigma’s PL330 video encoder technology with its SMP8670 secure media processor technology, create a home video conferencing solution within a Set Top Box (STB) design.
- We announced our collaboration with Avtrex, Inc. and Syabas Technologies, to add leading software and middleware technology to the industry’s most advanced platform reference design, Sigma’s Ultra Thin Set-Top Box. The Ultra-Thin Set-top Box is a feature-rich, HomePlug AV connected device so small that it fits in the palm of your hand.
- We announced a joint Wi-Fi Display / DLNA IPTV reference design with Qualcomm Atheros Inc. This new design enables connected media players based on Sigma Media Processors to receive video wirelessly over the emerging Wi-Fi Display™ standard as well as being interoperable with DLNA enabled devices supporting the appropriate profiles.
- We announced the addition of Intel’s Wireless Display (WiDi) technology to our set top box (STB) reference designs, enabling consumer electronics partners to deliver a wider range of viewable content, by streaming content from notebooks wirelessly to a HDTV via a STB.