Sigma Designs reports first quarter fiscal 2014 results

Achieves Profitability Along With 19% Revenue Growth in Fiscal Q1 FY14

MILPITAS, CA — Sigma Designs®, Inc. (NASDAQ: SIGM), a leader in connected media platforms, today reported financial results and business highlights for its first fiscal quarter of fiscal year 2014 ended May 4, 2013.

Net revenues for the first quarter of fiscal 2014 were $52.5 million, up $8.3 million, or 19%, from $44.2 million reported in the previous quarter and up $12.3 million, or 31%, from $40.3 million reported for the same period last year.

Recent Highlights

• We issued a multi-part series of announcements about our revolutionary next generation Z-Wave product portfolio, which features a number of new elements, including Z-Ware software, reference designs, and the Z-Wave® Next Gen 500-Series SoCs and modules which feature 50% longer range, 250% higher data rate, and 67% lower standby power.
• We began shipping of our HomePlugAV and Z-Wave components in support of AT&T’s announced deployments of the AT&T Digital Life program.
• We began shipping our Mediaroom certified SMP8652 SoCs to key OEMs and service providers in support of their transition to next generation platforms.
• We announced that ZTE, T&W and ZyXEL have selected our G.hn certified CG5200 devices for their powerline network adapters.